As you know from our prior alerts, creditors of borrowers formed as Delaware LLCs (as opposed to corporations) lack standing under Delaware law to sue directors for breaching fiduciary duties even ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

In a recent opinion, Delaware Court of Chancery Vice Chancellor J. Travis Laster, siding with Chancellor Leo E. Strine Jr., said Delaware's LLC Act does impose default fiduciary duties upon an LLC's ...

January 3, 2024 - In In re Envision Healthcare Corp., No. 23-90342, the United States Bankruptcy Court for the Southern District of Texas (Judge Christopher Lopez) addressed a "direct conflict" ...

In a recent opinion, In re Pack Liquidating, LLC (Pack Liquidating), the U.S. Bankruptcy Court for the District of Delaware held that under Official Committee of ...

Section 18-802 of the Delaware LLC Act provides that a member or manager may petition the Court of Chancery for dissolution of a Delaware LLC "whenever it is not reasonably practicable to carry on the ...

Add Yahoo as a preferred source to see more of our stories on Google. Whatever the news surrounding Elon Musk, at least one organization still seems to favor companies formed in Delaware: the ...