DELAWARE CASE REGARDING THE FIDUCIARY DUTY OF DISCLOSURE

By , January 17, 2017 6:26 pm

The duty of entity managers to disclose critical information to entity owners concerning their entities is a key component of the duty of loyalty under the law of Delaware and other states.  This duty is the central focus of the January 4, 2017 decision by the Delaware Chancery Court discussed in the post under the link below.  The entity owners in that case were corporate shareholders and the fiduciary breach in question involved a short-form merger.  However, the broad fiduciary principles in the case apply equally to LLC members and to non-merger matters.

Here’s the link:

https://delawarechancery.foxrothschild.com/mergers-and-acquisitions/chancery-dismisses-complaint-alleging-breach-of-duty-of-disclosure-regarding-short-form-merger/?utm_source=Fox+Rothschild+-+Delaware+Chancery+Law+Blog&utm_campaign=6a85ff6c81-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_86821ff155-6a85ff6c81-70733165

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