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
A no-deal Brexit is now a very real possibility, and the UK government has announced that freedom of...
Read More >
In Dorman v. Charles Schwab Corp., the U.S. Court of Appeals for the Ninth Circuit held on August 20...
Read More >
In keeping with its commitment to promoting transparency, this week the Office of Federal Contract C...
Read More >
Following a historic 2020 election, with record voter turnout and multiple controversies amid a glob...
Read More >
On August 13, 2019, Illinois Comptroller, Susana Mendoza, signed an Executive Order (EO) aimed at en...
Read More >
The Federal Trade Commission (FTC) announced on February 1 that it will lower the Hart-Scott-Rodin...
Read More >