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
Every day in the United States, 130 people die from opioid overdoses. To date, the opioid epidemic, ...
Read More >
On June 4, the IRS provided some much-needed relief to opportunity zone investors and qualified oppo...
Read More >
In recent months, New York has implemented several changes to its discrimination and sexual ?harassm...
Read More >
The District of Columbia Department of Employment Services (“DOES”) recently released a Paid Famil...
Read More >
1. What constitutes sexual harassment? As per Republic Act No. 7877,1 work, education or training-...
Read More >
Foreign investment control has become a key factor in M&A deals and 2020 was a particularly eventfu...
Read More >