Corporate and Financial Weekly Digest - November 16, 2012

In this issue:

- SEC Rejects Motion to Stay Resource Extraction Disclosure Rules

- Register for Our 2013 Proxy Season Update Webinar

- CFTC Proposes Swaps Report

- CFTC Issues FAQ on Energy Agreements

- House Financial Services Committee Releases Staff Report on MF Global

- CFTC to Appeal Federal Court Decision to Vacate Position Limits Rule

- SEC and Department of Justice Release Detailed FCPA Resource Guide

- Delaware Supreme Court Rejects Chancery Court’s Determination that Default Fiduciary Duties Apply to All LLC Members

- FSA Requires Asset Managers to Address Conflicts of Interest

- FSA Publishes Consultation Paper on AIFMD Implementation

- FSA Fines Manager for Systemic Suitability Failings

An excerpt from "Delaware Supreme Court Rejects Chancery Court’s Determination that Default Fiduciary Duties Apply to All LLC Members"

The Delaware Supreme Court ultimately affirmed the ruling of the Delaware Chancery Court in finding the manager of an LLC in violation of his contractual fiduciary duties, but while doing so it took pains to reject as unnecessary the Chancery Court’s decision that default fiduciary duties apply to all LLC members under the Delaware Limited Liability Corporation Act (Delaware LLC Act).

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »


Katten is a firm of first choice for clients seeking sophisticated, high-value legal services in the... View Profile »

Follow Katten Muchin Rosenman LLP:

Reporters on Deadline

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.