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The Importance of "Plain and Unambiguous Language" When Eliminating Fiduciary Duties in Delaware | Schiffer Hicks Johnson

The Delaware Limited Liability Company Act allows for the fiduciary duties of a member to be expanded, restricted, or eliminated by provisions in the operating agreement of a limited.

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Caution: Court Finds Fiduciary Waivers Ineffective | Gray Reed

In In re Cadira Group Holdings, LLC (2021 WL 2912479 (Del. Ch. July 12, 2021)), the Delaware Court of Chancery has again shown its inclination to treat an agreement that purports to.

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