As you know from our prior alerts, creditors of borrowers formed as Delaware LLCs (as opposed to corporations) lack standing under Delaware law to sue directors for breaching fiduciary duties even ...

In its recent decision in Pack Liquidating, the Delaware Bankruptcy Court concluded that the DLLCA does not bar the bankruptcy court from authorizing a creditors' committee to assert what would ...

This article is the third in a four-part series that examines issues surrounding the use of Delaware Limited Liability Companies (LLCs) for real estate transactions in New York. The first article ...

You are advising a client regarding the organization of a new business venture to be based in New Jersey. You have determined to recommend a limited liability company as the form of business entity.

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