As you know from our prior alerts, creditors of borrowers formed as Delaware LLCs (as opposed to corporations) lack standing under Delaware law to sue directors for breaching fiduciary duties even ...

In a recent opinion, Delaware Court of Chancery Vice Chancellor J. Travis Laster, siding with Chancellor Leo E. Strine Jr., said Delaware's LLC Act does impose default fiduciary duties upon an LLC's ...

On August 1, 2025, legislation went into effect amending the Delaware Limited Liability Company Act (the LLC Act), the Delaware Revised Uniform Limited Partnership Act (the LP Act), and the Delaware ...

Delaware has historically been a popular state for corporations to incorporate due to its clear and consistent corporate laws. Recent court decisions in Delaware have expanded the definition of key ...

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