Dumas & Pines Win Arbitration in LLC Membership Dispute

and Lester Pines, along with attorneys from the Pittsburgh firm of Cohen & Grigsby, P.C., won an arbitration on behalf of an Pennsylvania limited liability company (LLC) in a dispute about the refusal of a Wisconsin LLC to recognize that it was bound by a purchase agreement to transfer its membership shares in a third limited liability company to the Pennsylvania company. Following a two-and-a-half day hearing in November, the arbitrator in a written decision issued on December 7, held that the Wisconsin LLC breached the agreement. The arbitrator’s remedy was a specific performance order, directing that the transaction be closed and the membership shares transferred before December 31. It closed on December 20.