Under the link below is a new post from Peter Mahler about an October 5 NY decision about whether inactive members of LLCs have LLC fiduciary duties. The issue is of obvious importance in all U.S. jurisdictions.
Under the following link is another excellent post about a recent case addressing the above issue: https://www.pbwt.com/ny-commercial-division-blog/commercial-division-holds-that-fiduciary-duties-limit-llc-majority-members-ability-to-adopt-amendments-aimed-at-freezing-out-minority-members/#page=1
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.