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No soup for you: derivative actions concerning Delaware limited liability companies

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • September 13 2011

The opinion issued by the Delaware Supreme Court (the “Court”) in the matter of CML V, LLC v. Bax, No. 735, 2010 (Del. Supr. Sept. 2, 2011)1 on September 2, 2011 will generally impact the relationa Delaware limited liability company’s relationship with its non-member contractual parties, and specifically its lenders

The Dodd-Frank Act contains a management interlocks trap for large banks and financial firms

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • October 8 2010

As financial firms gain experience with the Dodd-Frank Act, the 2,319-page comprehensive financial regulatory reform legislation signed by the president last July, not only are unheralded provisions coming to light, but also subtle indirect consequences of known provisions are also coming to light