Trascent Mgmt. Consulting, LLC v. Bouri, DEFAX Case No. D67442 (Del. Nov. 28, 2016) Strine, J. (10 pages).
LLC could not, in a summary proceeding on the issue of indemnification of a manager under employment and operating agreements, seek to avoid its obligation to provide advancement by claiming that the underlying agreement providing for the right of advancement was invalid, because such a claim undermined the purpose of the summary nature of advancement proceedings and often overlapped with the underlying claim triggering the right of advancement. Order of the chancery court affirmed.