At the New York Business Divorce blog, Peter Mahler discusses the concept of “jerk insurance” and a recent federal court decision in the Southern District of New York:
At the New York Business Divorce Blog, Peter Mahler has a retrospective piece looking at the top ten business divorce opinions issued by
Details can be found at bergerharris.com.
Series LLCs are an innovative form of alternative entity in which in which multiple "series" are incorporated into a single limited liability company.
Judge James T. Vaughn, Jr.
In Ross Holding and Management Co. v. Advance Realty Group LLC, 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:
As a follow-up to our September 1 post, we present this link to New Jersey Business's "
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.