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

Posted on November 9th, 2012 by Francis Pileggi

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

Posted on December 10th, 2011 by Francis Pileggi

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 →