In Ross Holding and Management Co. v. Advance Realty Group LLC,[1] the Delaware Court of Chancery has held again that traditional corporate fiduciary duties of care and loyalty apply to the members and managers of limited liability companies. The Court wrote:
Posts for "Equity / Chancery" filter
Post date: Posted on: September 10, 2014
Post date: Posted on: August 28, 2014
Some types of business entities (most famously, corporations) offer limited liability to their managers, owners, and officers. That is, under most circumstances such parties will have no personal liability for debts incurred (through tort or contract) by the business entity.
Post date: Posted on: August 6, 2014
Berger Harris partner and Business Law Basics co-blogger Michelle Quinn will be a presenter of a webinar entitled "
Post date: Posted on: July 22, 2014
UPDATE [7/22/14]: Professor Hamburger has a further piece on distinguishing the rule of law from rule by law.
Post date: Posted on: July 2, 2014
Karen Valihura was confirmed as the newest justice of the Delaware Supreme Court on June 26.
Post date: Posted on: June 30, 2014
Berger Harris partner and Business Law Basics co-author Brian Gottesman was interviewed by Family BusinessCast on the advantages of
Post date: Posted on: June 27, 2014
LLC Law Monitor reports on two recent decisions (one in Montana, and the other in Louisiana) dealing with personal liability of the manager of an LLC:
Post date: Posted on: June 22, 2014
In the latest issue of NH Bar News, attorney Lisa Thompson summarizes four recent US Supreme Court decisions involving intellectual property litigation issues—awards of attorneys' fees in paten
Post date: Posted on: June 20, 2014
At the Delaware Corporate and Commercial Litigation Blog, Francis Pileggi analyzes the Delaware Court of Chancery’s opinion in In re: El Paso Pipeline Partners, L.P. Derivative Litigation.[1]
Post date: Posted on: June 17, 2014
The Harvard Law School Forum on Corporate Governance and Financial Regulation from around the country addressing the enforceability of exclusive forum clauses in corporate bylaws. Such clauses are designed to limit forum shopping by shareholders and other potential litigants by mandating that c