Opinion ID: 6350728
Heading Depth: 1
Heading Rank: 1

Heading: introduction

Text: In a derivative action, a minority shareholder brought suit on behalf of the manager-managed limited liability company (LLC). Pursuant to Neb. Rev. Stat. § 21-168 (Reissue 2012), the manager-defendants appointed a single-member special litigation committee to investigate and determine whether it was in the LLC’s best interests to pursue the derivative action. The committee determined it was in the LLC’s best interests for the derivative action to be settled on terms approved by the committee, which were to disclose to the LLC members certain issues and conduct a majority vote as to how they should be resolved. In reviewing the committee’s report, the district court found that the committee acted with “enough disinterested independence and good faith,” but that its recommendation for disclosure to and vote of the members was beyond the committee’s statutory authority. The court ordered the parties to attempt mediation and thereafter report the outcome of the mediation and make further recommendations to the court. The minority shareholder appeals, and the defendants cross-appeal the order. - 787 - Nebraska Supreme Court Advance Sheets 311 Nebraska Reports TEGRA CORP. v. BOESHART Cite as 311 Neb. 783