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
Whilst the three previous articles in our series on planning reform have considered the main changes...
Read More >
The third of a six-part series examining six specific and evolving rights plan provisions. As discu...
Read More >
In the aftermath of Hurricane Florence, many Community Associations located in the Eastern part of t...
Read More >
On July 3, California made history by enacting the Creating a Respectful and Open Workplace for Natu...
Read More >
Compliance Today (August 2020) - On May 7, the Department of Justice’s Antitrust Division announc...
Read More >
Recently, Governor Andrew Cuomo signed two significant bills expanding the scope of anti-discriminat...
Read More >