Dillon v. Novel Energy Sols.

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.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

four × five =