Nevada Supreme Court
Rolland P. Weddell; Granite Investment Group, LLC; and High Rock Holding, LLC, Appellants v. H2o, Inc.; Michael B…
March 1, 2012128 Nev. 94
Summary
The court held that a charging order against an LLC member reaches only the member’s economic interest and does not transfer managerial rights to the judgment creditor. It also held that a lis pendens is available only when the underlying action directly involves title to or possession of real property, not merely an option to acquire an LLC membership interest. The court affirmed the finding that Weddell lacked an ownership interest in H20 and affirmed the judgment in all other respects, while reversing and remanding the charging-order ruling for further proceedings.