• Delaware Court of Chancery
  • D66276
  • Apr 25 2014 (Date Decided)
Where the relevant limited liability agreement lacked any meaningful guidance on how the subject LLC should be dissolved, the Court of Chancery directed that the LLC, owner of the Philadelphia Inquirer and Daily News, be sold in a private, "English-style" auction with a minimum bid set at $77 million. Dissolution order issued.

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