Litigation

Delaware Law v. New York Law on LLCs

By Francis G. X. Pileggi, Esq.

Professor Larry Ribstein, one of the nation's leading scholars on LLCs, writes here about a recent NY decision that recognizes the right of an LLC member to an accounting--despite no such right being found in NY's LLC statute. The good professor explains why this decision (that relies on another NY decision that also recognized another right not found in the LLC statute), might be a reason why practitioners would prefer Delaware law when it comes to LLCs.

Full post as published by Delaware Corporate and Commercial Litigation Blog on February 16, 2009 (boomark / email).