News & Analysis as of August 14, 2025

Exculpatory Clauses

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Nevada Court Finds Business Judgment Rule Applies to Nevada LLCs

Paul Hastings LLP on 8/14/2025

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

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Nevada Court Finds Business Judgment Rule Applies to Nevada LLCs

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