In Ross Holding and Management Co. v. Advance Realty Group LLC, the Delaware Court of Chancery has held again that traditional corporate fiduciary duties of care and loyalty apply to the members and managers of limited liability companies. The Court wrote:
As a follow-up to our September 1 post, we present this link to New Jersey Business's "
New Hampshire has become the latest state to enact a benefit corporations statute. In July 2014, Governor Maggie Hassan signed into law the New Hampshire Benefit Corporation Act, NH RSA 293-C.
Berger Harris partner and Business Law Basics co-author Brian Gottesman was interviewed by Family BusinessCast on the advantages of
At the Delaware Corporate and Commercial Litigation Blog, Francis Pileggi analyzes the Delaware Court of Chancery’s opinion in In re: El Paso Pipeline Partners, L.P. Derivative Litigation.
The Harvard Law School Forum on Corporate Governance and Financial Regulation from around the country addressing the enforceability of exclusive forum clauses in corporate bylaws. Such clauses are designed to limit forum shopping by shareholders and other potential litigants by mandating that c
Gordon Smith of and Jordan Lee of Brigham Young University's J. Reuben Clark Law School have published an article on discretion in exercising fiduciary duties.
From the abstract: