Peter Mahler introduces his latest post in “New York Business Divorce” as follows:
“Is there such a thing as a contractually-infused, common-law fiduciary duty that can override an LLC manager’s “sole and absolute discretion”? Decide for yourself when you read this week’s New York Business Divorce.”
In many operating agreements of multi-member LLCs, the issue Peter addresses is major.
Here’s the link to his post: