The issue of whether default fiduciary duties apply to Delaware LLCs when the LLC agreement is silent on the matter is an open issue in Delaware…
In the
Auriga
Delaware LLC Controlling Member Held Liable for Fiduciary Breaches
By Sheldon Rennie on
In the case of Auriga Capital Corporation v. Gatz Properties, LLC, C.A. No. 4390-CS (Del. Ch. Jan. 27, 2012), the Court of Chancery reinforced the notion that a…
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