Full title: Daniel Dillon, Plaintiff and Counter Defendant, v. Novel Energy Solutions…
Court: United States District Court, District of Minnesota
Case no: 23-cv-162 (ECT/LIB)
Date published: May 8, 2023
Fact:
- Plaintiff Daniel Dillon was a former employee and part-owner of Defendant Novel Energy Solutions, LLC.
- Dillon’s employment with Novel ended in September 2022, and Novel purchased Dillon’s ownership interest.
- Dillon claims that the buyout of his ownership interest violated Novel’s Operating Agreement and undervalued his interest.
Issue:
- Whether the buyout of Dillon’s ownership interest complied with Novel’s Operating Agreement.
ORDER:
Based on the foregoing, and on all the files, records, and proceedings herein, IT IS ORDERED THAT:
1. Plaintiff Daniel Dillon’s Motions for Partial Summary Judgment [ECF No. 10 and ECF No. 47] are DENIED.
2. Defendants Novel Energy Solutions LLC and Clifton D. Kaehler’s Motion for Partial Summary Judgment [ECF No. 31] is GRANTED.