Litigation

Procedural Aspects of LLC Claims

By Francis G. X. Pileggi, Esq.

Professor Larry Ribstein, a nationally recognized authority on unincorporated associations, and author of the leading treatise on LLCs, comments here about some of the procedural entanglements that arise in connection with claims among LLC members, and the adoption by some courts of the concept of a derivative suit used in corporations even though it may not be well-suited to the LLC form. (The Delaware LLC Act expressly allows for derivative claims in LLC litigation.)

Full post as published by Delaware Corporate and Commercial Litigation Blog on January 27, 2008 (boomark / email).