04Aug
Minority Members’ Contractual Blocking Rights Can Result in the Imposition of Fiduciary Duties
In Skye Mineral Investors LLC v. DXS Capital (U.S.) Limited, et al., the Delaware Court of Chancery (the “Court”) denied defendants’ motion to dismiss, finding that plaintiffs had sufficiently pled a breach by the members holding a minority equity interest (the “Minority Members”) in Skye Mineral Partners, LLC (“SMP”) and the manager who the Minority Members appointed to SMP’s board of managers (the “Minority Manager”) of their fiduciary duty of loyalty to SMP and its members. ...
By:
Gray Reed
Related
Brief Takeaway: Plan sponsors that offer employer stock in their benefit plans can breathe a sigh o...
Read More >
Looking ahead, we preview cases currently pending before the Supreme Court—which have already been ...
Read More >
In news that was far from earth-shattering, The Department of Labor (DOL) announced a final rule tod...
Read More >
In this episode of Tarter Krinsky & Drogin's podcast series Law Brief, Non-Competes Are Not So Bad! ...
Read More >
“Time is money.” There are few places where that phrase is truer than in construction, and unfortu...
Read More >
Title VII of the Civil Rights Act requires employers in the healthcare industry to provide a reasona...
Read More >