Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 02 Oct 2017 My Price 7.00

Andreas Halvorsen,

In 1999, Andreas Halvorsen, David Ott, and Brian Olson formed a hedge fund, Viking Global Investors LLC. The LLC ’ s written agreement provided that the three founders would operate Viking, and divide all of its profits annually. If any one of them left Viking, he would receive only his capital account balance and earned compensation that had accrued and not been paid. In August 2005, the LLC management committee terminated Olson ’ s membership in the LLC because the returns on his portfolio of investments were disappointing. The LLC bought out Olson by returning the amount in his capital account and paying his 2005 compensation, which amounted to over $ 100 million. Olson sued the LLC and the other members alleging that subsequent to executing the written agreement, they had agreed orally to pay the fair market value of a member ’ s interest uponhis leaving the LLC. He also argued that Delaware ’ s LLC statute required payment of fair value. Did the court agree with Olson?

 

 

Answers

(5)
Status NEW Posted 02 Oct 2017 03:10 PM My Price 7.00

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