On January 27, 2022, in Levy Family Investors, LLC v. Oars + Alps LLC the Delaware Court of Chancery (the “Court”) released a memorandum opinion providing clarity with regard to Delaware’s infamous “Anti-Bootstrapping Rule”...more
4/20/2022
/ Acquisition Agreements ,
Bootstrapping ,
Breach of Contract ,
Corporate Sales Transactions ,
Delaware General Corporation Law ,
Fraud ,
Fraudulent Inducement ,
Membership Interest ,
Misrepresentation ,
NCAs ,
Purchase Agreement
In Villareal v. Saenz, a district court magistrate judge for the Western District of Texas, San Antonio Division, has recognized that members exiting a limited liability company may continue to hold fiduciary duties despite...more