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What Does Chancellor Strine's Auriga Capital Decision Teach Us About Fiduciary Duties of New York LLC Managers? (Part One)
6 Feb 2012, 3:00 am by Peter A. Mahler
In a nutshell, a number of investors took a minority position in Peconic Bay, LLC which was formed to hold the ground lease and develop a Robert Trent Jones-designed golf course on land owned directly or indirectly by Williams Gatz, who also held the majority interest and was sole manager of Peconic Bay. [read post]
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