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4 May 2020, 12:16 am
There is, of course, a way to pack more punch into an LLC manager’s contractually authorized sole-discretion: form the LLC in Delaware and include in the operating agreement a provision as authorized by Delaware’s LLC Act — for which New York’s LLC Law has no counterpart — expressly waiving all of the manager’s fiduciary duties. [read post]
3 May 2020, 12:42 pm
Indeed, watching how states have behaved, they’ve continued to act primarily state-by-state, even as members of these “regional” groups.But there’s a new proposal out of the northeast:Amid the ongoing COVID-19 pandemic, Delaware Governor John Carney, New York Governor Andrew M. [read post]
3 May 2020, 12:08 pm
A copy of the complaint, filed in Delaware Chancery Court on April 28, 2020, can be found here. [read post]
2 May 2020, 7:03 pm
The charge is “not enough to state a viable disclosure claim, much less carry his burden to earn summary judgment on that claim,” the vice chancellor said. [read post]
2 May 2020, 6:43 am
ADDED: To state the problem is to see the real solution. [read post]
1 May 2020, 9:07 am
A truck crash attorney won a $5 million jury verdict for the family of a boy who suffered severe burns in 2016 when a tractor-trailer crashed into the rear of a pickup truck he was riding in on a Delaware roadway. [read post]
1 May 2020, 6:41 am
The papers from my Senate years that I donated to the University of Delaware do not contain personnel files. [read post]
30 Apr 2020, 1:59 am
Whether you form your business entity in your home state or in a business-friendly jurisdiction such as Delaware or Wyoming (which, in itself, is not a decision to be taken lightly), you will need to tailor your organizational documents to the specific requirements of the applicable law. 5. [read post]
29 Apr 2020, 5:45 pm
Stay tuned for more updates out of the Bay State as courts continue to interpret the MNCA. [read post]
29 Apr 2020, 8:58 am
In March 2020, as the severity of the COVID-19 pandemic in the United States began to emerge, state and local governments took historic steps to shut down all nonessential activity in their jurisdictions. [read post]
29 Apr 2020, 8:12 am
Sources: State statutes; state revenue departments; Bloomberg Tax. [read post]
29 Apr 2020, 7:36 am
Carney issued a Declaration of State of Emergency in connection with the ongoing coronavirus pandemic. [read post]
28 Apr 2020, 5:42 pm
This will likely result in a decrease in the number of claims under the Federal Securities Act being brought in state courts. [read post]
28 Apr 2020, 8:57 am
We are hearing that FEMA seized PPE product in Michigan and Delaware. [read post]
28 Apr 2020, 3:15 am
Tags: COVID-19 virus, Delaware, property law, small business, taxes, WO writings [read post]
27 Apr 2020, 4:29 pm
For example, the California Bay Area counties have already extended orders through the end of May, and the Governors of Delaware and Connecticut announced that reopening is premature. [read post]
27 Apr 2020, 2:29 pm
Two of the companies hit with securities suits during the 2018-2019 time frame were hit with parallel suits filed in federal and state court. [read post]
25 Apr 2020, 1:51 pm
In ruling on whether venue was appropriate, Vice Chancellor Laster stated: “frankly, I think the fact that the New York Court is unavailable is pretty dispositive. [read post]
25 Apr 2020, 7:37 am
This post was prepared by Frank Reynolds, who has been following Delaware corporate law, and writing about it for various legal publications, for over 30 years. [read post]
24 Apr 2020, 6:28 pm
A number of states have also issued executive orders or adopted legislation permitting companies to conduct their annual shareholder meetings remotely, including Arkansas, California, Connecticut, Delaware, Georgia, Iowa, Louisiana, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, and Wisconsin. [read post]