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24 Nov 2014, 3:22 am by Peter Mahler
I haven’t come across a New York decision involving similar circumstances, but the result in Slayton seems to point in the same direction as the Chancery Court’s ruling in the Paul case. [read post]
13 Apr 2009, 8:54 pm
By Donald Zuhn -- Ryogen LLC recently announced that the U.S. [read post]
16 Nov 2013, 4:44 pm by Arina Shulga
Illinois, on the other hand, has gone in the opposite direction and imposed, by statute, the fiduciary duties of loyalty and care upon members of member-managed LLCs without providing any explicit basis for waiving such duties.In PracticeModifying fiduciary duties must be done expressly and unambiguously. [read post]
21 Feb 2017, 8:21 am by Dennis Crouch
”  This decision follows the court’s recent decision in Unwired Planet, LLC v. [read post]
21 Feb 2017, 8:21 am by Dennis Crouch
”  This decision follows the court’s recent decision in Unwired Planet, LLC v. [read post]
6 Mar 2012, 2:00 am by Keith Paul Bishop
  Again, the change does not affect the relationship between consensual creditors or financial institutions that have direct dealings with a corporation. [read post]
13 Feb 2019, 9:55 pm by Lawrence B. Ebert
The decision of the Board is vacated:TT appeals, among other issues, the Board’s determinations regarding whether the patents are directed to atechnological invention. [read post]
3 May 2017, 5:18 am by Carl Neff
Key Takeaway: In actions between two managing members of a 50/50 limited liability company, a common assumption is that any traditionally derivative claims, such as breach of fiduciary duty, would be direct given the bilateral composition of the LLC. [read post]
13 Sep 2012, 12:20 pm
§ 11-601(e), a member of an LLC is not considered to be managing the business and affairs of the company solely by doing one or more of the following: (a) consulting with or advising the individuals who manage the business and affairs of the company; (b) directing the management of the company in the same manner as a director of a corporation directs the management of a corporation; or (c) voting on any matter required to be voted on by the members of the company. [read post]