About This Blog

Summaries and analysis of recent Delaware court decisions concerning business-related litigation.

Morris James Blogs

Links

Court Of Chancery Enforces Indemnification Rights Under LLC Agreement

Posted In LLC Agreements

Costantini v. Swiss Farm Story Acquisition LLC, C.A. 8613-VCG (September 5, 2013)

This decision holds that language in an LLC agreement that mirrors the indemnification language of the Delaware Corporation law will be interpreted the same way to mandate indemnification to a prevailing manager.