Category: Fiduciary Duties

Fiduciary Duties

The Duty to Inform Shareholders
The post under the link below discusses a recent Delaware Court of Chancery case holding that shareholder votes are invalid if the board fails to provide the shareholders with adequate information.  The application of the decision to non-manager members of LLCs is obvious.

Here’s the link: https://www.klgatesdelawaredocket.com/2019/01/chancery-court-denies-dismissal-of-breach-of-fiduciary-duty-claims-after-concluding-that-stockholder-vote-was-not-informed/