Reuters

Court refuses to enforce Delaware statutory provision stripping LLC interests upon bankruptcy filing

January 3, 2024 - In In re Envision Healthcare Corp., No. 23-90342, the United States Bankruptcy Court for the Southern District of Texas (Judge Christopher Lopez) addressed a "direct conflict" ...
JD Supra

Delaware Bankruptcy Court Grants Creditors' Committee of Debtor LLC Derivative Standing

In its recent decision in Pack Liquidating, the Delaware Bankruptcy Court concluded that the DLLCA does not bar the bankruptcy court from authorizing a creditors' committee to assert what would ...
JD Supra

Delaware Chancery Court Finds Private Equity Majority Owner Not Liable to Minority Investors Where LLC Agreement Waived Fiduciary Duties

In a recent decision, the Delaware Court of Chancery dismissed breach of fiduciary duty claims asserted by minority unitholders in connection with the acquisition of CityMD by VillageMD. In Kahn, et ...