Delaware Supreme Court Upholds Chancery Decision but Rejects Dicta on Default Fiduciary Duties in LLCs

Gatz Properties LLC v. Auriga Capital Corp., No. 148, 2012 (Del. Supr. Nov. 7, 2012) (Per Curiam). Issue Addressed Delaware’s High Court held that the manager of an LLC violated a contracted-for fiduciary duty that adopted the equitable standard of … Continue reading

Default Fiduciary Duties and LLCs

The Institute of Delaware Corporate and Business Law at Widener University School of Law has an online symposium on the topic of default fiduciary duties in LLCs and LPs, available here. Professor Larry Ribstein, a leading expert on this topic, … Continue reading