Case Name: Flynn Investment Partnership, Ltd. v. Genesis Plastics and Engineering, LLC
Abstract: Defendant moved the Court to alter, amend, or vacate this Court's order granting summary judgment to plaintiff over ownership interests in an Indiana limited liability company. The Court based its prior order on a finding that the other members of the company waived their right of first refusal on the transfer of shares to the Plaintiff. The Court reconsidered and reaffirmed its finding of waiver, but clarified the order to reflect that the waiver of the right of first refusal was not sufficient to elevate Plaintiff's status to that of a member of the company, entitled to participate in the management of the company. Plaintiff is an owner, but not a member, of the company.