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In re Seneca Investments LLC

October 20, 2008

The Delaware Court of Chancery recently issued its decision in In re Seneca Investments LLC, CA No. 3624-CC (Del. Ch. Sept. 23, 2008), granting a motion for judgment on the pleadings and denying a petition for judicial dissolution. This case builds on previous case law by reaffirming the limited role of judicial dissolution as a remedy and by further clarifying some of the circumstances a court may consider in evaluating a petition for judicial dissolution.

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