Chancery Allows Fiduciary Duty Claims to Proceed against Minority Members Who Blocked Financings in Order to Bankrupt Company and Facilitate Unfair Asset Purchase
By EsqSocial Corporation 06/04/20
Skye Mineral Investors, LLC v. DXS Capital (U.S.) Ltd., C.A. No. 2018-0059-JRS (Del. Ch. Feb. 24, 2020) (Slights, V.C.). Where parties to an LLC agreement do not unambiguously disclaim fiduciary duties, then Delaware law provides by default that...
By: Morris James LLP