to Lose Delaware LLC Formations

Dover, DE (STL.News) – Under a Delaware Court of Chancery consent judgment issued Tuesday, four limited liability companies (LLCs) linked to the website Backpage will relinquish their Delaware certificates of formation.  The judgment calls for the companies to lose their certificates of formation following a request by the Delaware Department of Justice and negotiation with the company, which has ceased to operate.  Backpage pleaded guilty to crimes related to promoting human trafficking, and has agreed to forfeit its assets to the United States government.

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Author: Editor