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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
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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.
Tags: LLC Agreements
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