Confidentiality

Conditional Inspection of LLC Books and Records: When Is It Permitted?

By Peter A. Mahler on April 4, 2016

Posted in Access to Books and Records, LLCs, RULLCA

A recent decision by Justice Donna Mills highlights the consequences of not including in the operating agreement confidentiality requirements linked to member rights to inspect books and records. It’s in this week’s New York Business Divorce. …
Continue Reading Conditional Inspection of LLC Books and Records: When Is It Permitted?

Keeping the Gag on Ex-Business Partners: LLCs and Confidentiality Agreements

By Peter A. Mahler on July 5, 2010

Posted in Delaware, Interim Remedies

In two recent decisions, courts in Delaware and New York addressed obligations of non-managing members of LLCs to maintain the confidentiality of company trade secrets. These cases provide important lessons for attorneys who prepare LLC operating and employment agreements. It’s in this week’s New York Business Divorce.
…
Continue Reading Keeping the Gag on Ex-Business Partners: LLCs and Confidentiality Agreements