Kelly and Maxwell Present Webinar on Minority Investors in LLCs

Partner Chris Kelly and senior associate Mike Maxwell presented a CLE webinar titled “Minority Investors in LLCs: How Contractual Limitations and Waivers of Fiduciary Duties Can Impact Challenges to Conflict Transactions” on July 11. Kelly and Maxwell provided guidance to counsel advising LLC planners, managers and investors. They discussed recent cases involving contractual waivers of fiduciary duties, the implied covenant of good faith and fair dealing, and contractual discretion by the board.

Issues addressed in the webinar included:

• Challenging LLC transactions and board decisions through litigation
• Methods to protect minority investors in LLCs
• Choice of entity considerations from management and investor perspectives
• Best practices for contractual waivers of fiduciary duties

For more information, visit Strafford’s website.

The webinar is the latest in a series of updates from Kelly and Maxwell since the Delaware Court of Chancery’s decision in Miller v. HCP & Company, including an article published in Bloomberg BNA’s Corporate Law and Accountability Report and Securities Law Daily and a webinar hosted by the ABA Business Section’s Private Equity and Venture Capital Committee. 

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 centers its practice on corporate and alternative entity law and litigation, commercial litigation, bankruptcy, intellectual property, labor and employment, and real estate.