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Court Of Chancery Explains Limitation On Fiduciary Duty Claims
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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