• Creditors Have No Right to Derivative Suit against Managers of Insolvent Delaware LLC
  • January 4, 2011 | Author: Marshall B. Paul
  • Law Firm: Saul Ewing LLP - Baltimore Office
  • The Delaware Court of Chancery, in CML V, LLC v. Bax, C.A., No. 5373-VCL (Nov. 3, 2010), has provided yet another reason why Delaware may be the state of choice for organizing an LLC from the standpoint of those governing its affairs.