New York’s LLC Law authorizes operating agreements to eliminate manager and member fiduciary duties, but does it really? Find out in this week’s New York Business Divorce.
Continue Reading Diving Into the Shallow Waters of New York Law Permitting Elimination of LLC Managers’ Liability for Breach of Fiduciary Duty
Fiduciary Duties
The First State Defines the Scope of Majority Shareholder Fiduciary Duties
By Peter J. Sluka on
Posted in Delaware
This week’s post takes us to the halls of Delaware Chancery Court, where a recent decision from Vice Chancellor Laster offers a first-of-its-kind roadmap for assessing the fiduciary duties owed by a majority shareholder.
Continue Reading The First State Defines the Scope of Majority Shareholder Fiduciary Duties