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Court Of Chancery Explains Limitation On Fiduciary Duty Claims

By Albert J. Carroll on February 7, 2017
Posted In LLC Agreements

CelestialRX Investments LLC v Krivulka, C.A.11733-VCG (January 31, 2017)

This decision explains how a provision in an LLC agreement waiving fiduciary duties is to be applied in the context of conflicted transactions. It is a good summary of Delaware law on that issue. 

It also has an instructive summary of the law governing contract interpretation, albeit under New York law.

Tags: LLC Agreements
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