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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Court Of Chancery Explains Duties Owed To Investors
Posted In Fiduciary DutyRoss Holding and Management Company v. Advanced Realty Group LLC, C.A. 4133-VCN (September 4, 2014) This is another decision pointing out that limitations on a fiduciary duty must be "plain and unambiguous" in an LLC agreement. Indeed, the failure to use language approved in prior cases seems inexcusable if it is intended to limit any fiduciary duties.