Chancery Finds Some Amendments to LLC Agreement Adversely Modified Members’ Rights, Triggering Consent Right—Lehr v. Aspen Power

In Lehr v. Aspen Power Partners LLC (Mar. 30, 2026), the Delaware Court of Chancery addressed amendments made to the LLC agreement governing Aspen Power Partners LLC (the “Company”), which were adopted in connection with a new capital infusion by the Company’s controller-sponsor (the “Sponsor”).... By: Fried Frank