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Delaware Chancery Court clarifies fiduciary duties of LLC managers and their controlling affiliates

Katten Muchin Rosenman LLP
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USA
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April 24 2009

Fiduciary duties waivers in limited liability company (LLC) operating agreements can effectively shield managers from claims by members

Amendments to Delaware corporate law regarding shareholder proxy access

Katten Muchin Rosenman LLP
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USA
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April 17 2009

Effective August 1, the Delaware General Corporation Law will permit a Delaware corporation to adopt a by-law requiring any proxy solicitation materials circulated by the corporation regarding the election of directors to include nominees submitted by stockholders, in addition to those submitted by the corporation

Delaware Supreme Court reconfirms that bad faith requires intentional dereliction

Katten Muchin Rosenman LLP
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USA
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March 27 2009

On March 25, the Delaware Supreme Court eliminated directors’ concerns created by a troublesome Court of Chancery opinion from last year

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Delaware Chancery Court clarifies fiduciary duties of LLC managers and their controlling affiliates

Amendments to Delaware corporate law regarding shareholder proxy access

Delaware Supreme Court reconfirms that bad faith requires intentional dereliction

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