Judicially Expelled Member Pays Heavy Price For Abandoning LLC
Farrel Fritz
DECEMBER 4, 2023
At a meeting in May 2016, Ghadran and Johnston offered Flor a 51% ownership and management interest in a to-be-formed company which GF would bankroll for two years in exchange for a 49% equity interest in the new company. Johnston replied with another letter entitled “Business Opportunity Offer Letter.”
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