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Delaware Chancery Court provides clarity on default fiduciary duties owed by a manager of a limited liability company

Katten Muchin Rosenman LLP
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USA
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February 3 2012

On January 27, the Court of Chancery of the State of Delaware found that a manager of a limited liability company owes traditional fiduciary duties of loyalty and care unless the limited liability company’s operating agreement specifically modifies or eliminates such duties

Court provides clarification on short swing profit rules

Katten Muchin Rosenman LLP
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USA
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August 12 2011

The U.S. District Court for the Southern District of New York dismissed a claim brought under Section 16(b) of the Securities and Exchange Act of 1934, finding that the sale and purchase within six months of two different series of common stock traded under different ticker symbols and not otherwise convertible into one another or derivatives of one another did not constitute the “purchase and sale, or any sale and purchase, of any equity security” under Section 16(b) of the Exchange Act

Supreme Court to rule on constitutionality of PCAOB

Katten Muchin Rosenman LLP
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USA
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May 22 2009

In an Order issued on May 18, the Supreme Court of the United States granted a petition for a writ of certiorari in a case challenging the constitutionality of the Public Company Accounting Oversight Board (PCAOB), established pursuant to the Sarbanes-Oxley Act of 2002

Federal court rules against SEC in an insider tipping case

Katten Muchin Rosenman LLP
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USA
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May 1 2009

A federal district court has ruled that the Securities and Exchange Commission failed to show by preponderance of the evidence that a corporate executive violated the securities laws’ prohibition against disclosing material inside information

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

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

Search results

Delaware Chancery Court provides clarity on default fiduciary duties owed by a manager of a limited liability company

Court provides clarification on short swing profit rules

Supreme Court to rule on constitutionality of PCAOB

Federal court rules against SEC in an insider tipping case

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

Delaware Supreme Court reconfirms that bad faith requires intentional dereliction

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