Allison L. Land

Delaware Supreme Court Holds That Creditors of Delaware LLC Lack Standing to Assert Derivative Claims
Mark S. Chehi,Allison L. Land,Robert S. Saunders,Robert A. Weber, September 20, 2011
In a recent en banc decision by the Delaware Supreme Court in CML V, LLC v. Bax, 2011 Del. LEXIS 480 (Del. Sept. 2, 2011), the Delaware Supreme Court held that creditors of a Delaware limited liability company (LLC) have no standing to assert derivative claims on behalf of an LLC, even if the LLC...

2011 Amendments to Delaware Alternative Entity Acts
Allison L. Land, August 23, 2011
As part of Delaware’s annual review and updating of its alternative entity laws, the Delaware legislature has adopted a series of amendments to the Delaware Limited Liability Company Act (the DLLCA), the Delaware Revised Uniform Limited Partnership Act (DRULPA), and the Delaware Revised...