Laura A Colca

Laura A Colca

November 09, 2018 | New York Law Journal

You Can't Unring the Bell: Costly Waivers in LLC Operating Agreements

In a recent decision, the Delaware Court of Chancery reaffirmed the policy of Delaware and many other states, including New York, of enforcing broad contractual waivers of fiduciary duties and demonstrated the importance of carefully negotiating contractual rights and obligations when forming or investing in a limited liability company.

By Laura A. Colca and Ryan W. McNagny

8 minute read