Posts for "Fiduciary Duties" filter

Post date: Posted on: April 11, 2014

Most states' limited liability company statutes contain provisions authorizing indemnification and advancement of legal expenses incurred by managers, officers, and other controlling persons resulting from lawsuits against them in their capacity as such.  Generally, these provisions allow the LLC to reimburse (indemnify) these "covered persons" for any legal expenses, except where the court finds bad faith, gross negligence, or some other "bad act," and companies may go a step further and pay such expenses during the pending litigation (advancement), provided that if the covered person is found to have committed a "bad act," the advanced funds must be repaid.

Tags: Alternative Business Entities, Civil Litigation / Civil Procedure, Comparative Law, Corporations, Equity / Chancery, Fiduciary Duties, Limited Liability Companies
Post date: Posted on: April 1, 2014

Martin Lipton, inventor of the "poison pill" and co-founder of the law firm of Wachtell, Lipton, Rosen & Katz, spoke at the Corporate Law Institute last week, with

Tags: Corporations, Equity / Chancery, Fiduciary Duties, Legal History, Legal Theory
Post date: Posted on: March 5, 2014

In several recent decisions, the Delaware Court of Chancery addressed a number of issues relating to mergers and acquisitions and debt and equity financings.  In In re Orchard Enterprises, Inc.

Tags: Alternative Business Entities, Corporations, Courts, Equity / Chancery, Fiduciary Duties, Legislation, Mergers and Acquisitions, Securities
Post date: Posted on: February 28, 2014

Berger Harris partner Lisa Stark has been published in Business Law Today, a publication of the American Bar Association.

Tags: Alternative Business Entities, Commercial Litigation, Corporations, Equity / Chancery, Fiduciary Duties, Limited Liability Companies, Partnerships, Professional News
Post date: Posted on: February 12, 2014

Harvard Law School's Forum on Corporate Governance and Financial Regulation has published a revised version of "Top Ten 2013 Delaware Corporate and Commercial De

Tags: Appeals, Comparative Law, Contracts, Corporations, Courts, Equity / Chancery, Fiduciary Duties, Legal Opinions, Limited Liability Companies, Mergers and Acquisitions, Partnerships, Securities

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