The Nevada District Court recently clarified that the business judgment rule — a fundamental corporate law protection — applies to limited liability companies when their operating agreements specify fiduciary duties. The...more
8/14/2025
/ Business Court ,
Business Disputes ,
Business Entities ,
Business Judgment Rule ,
Business Litigation ,
Contract Terms ,
Corporate Governance ,
Duty of Loyalty ,
Exculpatory Clauses ,
Fiduciary Duty ,
Limited Liability Company (LLC) ,
Nevada ,
Operating Agreements ,
Statutory Interpretation
On March 25, 2025, the Delaware General Assembly enacted amendments to the Delaware General Corporation Law (the DGCL and such amendments, the DGCL Amendments), which were subsequently signed into law by the governor of...more