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O'Toole, Kelly and Maxwell Present 2019 First State Update on Case Law and Delaware's LLC Act

October 24, 2019

At CSC's “First State Update: 2019 Case Law Developments and Updates to Delaware's LLC Act” webinar, partners Matt O'Toole, Chris Kelly and Mike Maxwell shared insights, outlined associated case law, and discussed amendments to the act. The webinar reviewed 2019 amendments to the act, including changes concerning electronic transactions and signatures, series (including protected series and registered series), division of limited liability companies, and contractual appraisal rights.

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 is also senior legal advisor to CSCPublishing, as well as a co-author of the detailed guide on the subject, Symonds & O'Toole on Delaware Limited Liability Companies. He also serves as senior legal advisor on CSCPublishing’s Delaware Laws Governing Business Entities Annotated

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.

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. Mike 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.