Del. Chancery: Creditors of insolvent LLCs may not sue for breach of fiduciary duty

Unlike their corporate counterparts, executives of insolvent limited liability companies aren’t subject to breach of fiduciary duty lawsuits fled by creditors, according to a recent Delaware Court of Chancery ruling.

By |2010-10-15T13:25:56+00:00October 15th, 2010|Uncategorized|Comments Off on Del. Chancery: Creditors of insolvent LLCs may not sue for breach of fiduciary duty