Lieberman v. Wyoming.com LLC
Supreme Court of Wyoming
82 P.3d 274 (2004)
Wyoming.com LLC (defendant) was a Wyoming limited liability company (LLC). E. Michael Lieberman (plaintiff) was a member of the LLC. Lieberman served Wyoming.com with a notice of withdrawal from the company, which demanded the return of his share of the current value of the company, which he estimated at $400,000. The members of Wyoming.com accepted Lieberman’s withdrawal, elected to continue, rather than dissolve, Wyoming.com, but refused to return Lieberman’s requested share of the company’s current value. Wyoming.com filed an action for declaratory judgment to define its rights against Lieberman. Lieberman filed suit requesting dissolution of Wyoming.com. The actions were consolidated. The district court ordered liquidation of Lieberman’s equity interest, valued as the balance of his capital account as of the date of his withdrawal, which was negative. Lieberman appealed.
Rule of Law
Holding and Reasoning (Golden, J.)
Dissent (Lehman, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 148,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,300 briefs, keyed to 182 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.