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…
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limited liability company
Court of Chancery Stays Case in Favor of Later-Filed Matter
By Fox Rothschild LLP on
In the case of RWI Acquisition LLC v. Todd, C.A. No. 6902-VCP (Del. Ch. May 30, 2012), the Court of Chancery ruled on the issues of: (i) whether…
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Delaware Court of Chancery Addresses Procedure for Pursuing Claims on Behalf of a Limited Liability Company After Its Dissolution and Cancellation
By Sheldon Rennie on
The Delaware Court of Chancery in Matthew v. Laudamiel, C.A. No. 5957-VCN, (Del. Ch. Feb. 21, 2012) addressed, among other things, the issue of whether the dissolution and cancellation of…