Summary
In Lio v Mingyi Zhong (10 Misc 3d 1068[A], 2006 NY Slip Op 50016[U], *4 [2006]), the court, citing only two cases, noted that "most courts have held that the deliberate omission of such a remedy in the statute means that there is no such right at all" and therefore concluded that the "more persuasive authority is that there is no such right."
Summary of this case from Tzolis v. WolffOpinion
January 6, 2006.
Limited Liability Companies — Members and Managers — Members of limited liability company have individual right to sue managing members for breach of fiduciary duty.