L.B. Whitfield, III Family LLC v. Whitfield et al.

The L.B. Whitfield, III Family LLC appealed a circuit court judgment that ordered the Family LLC to wind up its affairs following its dissolution on the death of its sole member and to return 22 shares of Class A voting stock in Whitfield Foods, Inc. to Virginia Ann Whitfield, Almeida Fair Whitfield Strawder, and Valerie Lee Whitfield Puckett ("the sisters"). Upon review of the dispute, the Supreme Court concluded that the trial court erred in ordering the Family LLC to return the 22 voting shares to only the sisters. The Court affirmed the portion of the trial court's judgment finding that the Family LLC was dissolved and ordering that the Family LLC must wind up its affairs, provide an accounting of its assets, distribute those assets in equal shares to Louie, Virginia Whitfield, Valerie Puckett, and Almeida Strawder, and file articles of dissolution in the office of the judge of probate of Montgomery County. View "L.B. Whitfield, III Family LLC v. Whitfield et al. " on Justia Law