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
On September 10, 2019, the Appellate Division of the New York Supreme Court for the First Department...
Read More >
Seyfarth Synopsis: The Court of Appeals for the Seventh Circuit recently held that once a multi-empl...
Read More >
As the year end is quickly coming, employers are reminded of minimum wage increase and exemption thr...
Read More >
On 21 September 2020, the Federal Trade Commission (FTC) announced for comment sweeping changes to t...
Read More >
Part 42.15 of the FAR entitles federal contractors to submit comments and receive agency review of a...
Read More >
Rejecting the motivating factor causation standard, the U.S. Court of Appeals for the Ninth Circuit ...
Read More >