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Dysfunction Leads Del. Chancery To Dissolve Pharma Co.

Law360 (May 17, 2019, 7:03 PM EDT) -- A Delaware chancellor ordered the liquidation and dissolution of a pharmaceutical development company Friday, saying disagreements among the company's three managers have created a deadlock that has frozen operations and doomed its future prospects.

Chancellor Andre G. Bouchard said Inspirion Delivery Sciences LLC cannot move forward because its operating agreement doesn't provide a mechanism to resolve the differences facing members Stefan Aigner, Raymond DiFalco and Manish Shah, and there is no practical way for the business to continue.

"Underlying the rupture in their relationship, Aigner, DiFalco and Shah have been at loggerheads over issues of fundamental importance to the company and...

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