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Limited Liability Company (LLC) Breach of Duty Investors

Whiteford

Client Alert: Bankruptcy Meets State Court: Lessons from a $4M Escrow Dispute - June 30, 2025

Whiteford on

When bankruptcy courts and state courts vie for authority in complex financial disputes, the outcome can reshape recoveries for creditors, investors, and businesses. This tension was front and center in Silverman v....more

Faegre Drinker Biddle & Reath LLP

Delaware Court of Chancery Holds Number of Members in LLC Does Not Determine Whether Claims Are Direct or Derivative

In Clifford Paper, Inc. v. WPP Investors, LLC, et al., C.A. No. 2020-0448-JRS (Del. Ch. June 1, 2021), the Delaware Court of Chancery held that plaintiff Clifford Paper, Inc.’s (“CPI”) asserted derivative (as opposed to...more

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