Kelly, Maxwell and O’Toole Present 2020 First State Update on Case Law and Delaware’s LLC Act

At CSC’s “First State Update: 2020 Case Law Developments and Updates to Delaware’s LLC Act” webinar, partners Chris Kelly, Mike Maxwell and Matt O’Toole shared their insights and review associated case law. The webinar included a discussion of the 2020 amendments to the LLC Act, including changes concerning registered agents, document execution, appraisal rights, division of LLCs, registered series, admission of members, and books and records.

Kelly focuses his practice on complex litigation and counseling matters involving Delaware corporations and alternative entities. His experience includes stockholder class and derivative actions, takeover disputes, limited partnership and limited liability company litigation, internal corporate investigations, post-closing disputes, federal securities lawsuits, and statutory proceedings under the Delaware General Corporation Law and alternative entity statutes, such as dissolution actions, stock appraisals, indemnification and advancement actions, contested director elections, and demands to inspect books and records. In addition, he counsels boards, committees, and other corporate and individual clients regarding issues of Delaware law and equity, including in connection with significant transactions and governance matters.

Maxwell advises clients on matters of Delaware corporate and business law in transactions involving Delaware alternative entities and corporations, including investment and private equity fund transactions, fund formations, joint ventures, cross border transactions, mergers, acquisitions, asset sales and purchases, dissolutions and restructurings. He also represents both lenders and borrowers in a variety of commercial financing transactions, including asset-based financing, real estate mortgage financings and other credit related transactions. Maxwell also advises management, boards and special committees of Delaware entities on matters of operation and governance, including with respect to fiduciary duty and contractual interpretation issues. He provides legal opinions on issues of Delaware law in connection with the foregoing.

O’Toole is the chair of Potter Anderson’s Business Group, a member of the firm’s Executive Committee, and chair of the firm’s Blockchain Committee. He concentrates his practice on corporate and commercial transactions, particularly the structure and use of Delaware business entities, including corporations, limited liability companies, partnerships (general and limited) and statutory trusts. He often serves as counsel to lenders, borrowers, investors, managers, trustees and other parties involved in both domestic and international business transactions. His practice frequently involves providing third-party legal opinions concerning Delaware’s General Corporation Law, Delaware’s alternative entity statutes, the Delaware UCC and other applicable law.

For more information or to register, visit CSC’s website.

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.