Below you'll find a list of all posts that have been categorized as “Blog”
Published by Chipman Glasser on July 18, 2025 In business, such as life, not all relationships last forever. And just as personal relationships can end acrimoniously, professional ones can too. When co-owners can no longer run their LLC or partnership together, the result is commonly business divorce, the legal and operational separation of business partners and their interests, commonly in …
Published by Chipman Glasser on May 29, 2025 Director disputes are not uncommon in the business world and can arise in companies of any size—from a closely-held family business to a publicly-traded corporation. These disputes frequently stem from disagreements over strategic direction, personality clashes, or matters of corporate governance. If left unresolved, disputes among the directors can hinder an organization’s …
By Daniel W. Glasser on May 16, 2025. For decades, Delaware has been regarded as the “go-to” forum for business formation, especially for publicly traded companies. The state’s Court of Chancery, a specialized court dedicated exclusively to business matters, has provided companies with consistent, predictable, and expert resolution of corporate disputes without jury trials. Delaware’s General Corporation Law has long …
By Daniel W. Glasser on January 16, 2024. Introduction It is no secret that Bankruptcy can turn everything we know about the law on its head. And when that happens in the realm of limited liability company (“LLC”) governance, investors, bankers and lawyers should pay attention. Free markets depend on predictability. Indeed, Delaware is often favored as a venue for …
By Jennifer M. Osgood, Esq. on May 06, 2022. Traditionally, courts tasked with resolving irreconcilable differences between owners of a Limited Liability Company (“LLC”) had one primary tool available: judicial dissolution. Changes to the LLC laws in several states, however, have opened an alternative: the compulsory buyout. For drafters of LLC operating agreements and members of LLCs, it is important …
By Daniel W. Glasser on March 24, 2022. For litigators involved in limited liability company disputes, some legal issues are perennial. Chief among them is the question of whether members and managers owe fiduciary duties either to each other or to the company. But there are secondary issues that frequently bloom around this primary question. For example, if a party owed …
By Jennifer Osgood and Daniel W. Glasser on January 12, 2021. Let’s say that you and a family member or close friend decide to start a business. You take the necessary steps to form the company. You sit down with your partner to discuss how the company will operate, and you even go to the trouble of hiring a …
The question of whether managers and/or members of an LLC owe fiduciary duties to the LLC and/or other members of the LLC varies greatly from state to state. Unlike Colorado’s LLC Act, Arizona’s LLC Act does not expressly impose any fiduciary duties on a manager. Therefore, in the recent consolidated case of Sky Harbor Hotel Props. v. Patel Props.; Morris Anderson …
DENVER, CO. – May 7, 2019 – Colorado Supreme Court Holds Economic Loss Rule Does Not Bar Civil Theft In a much-anticipated ruling, the Colorado Supreme Court yesterday settled a split among divisions of the Colorado Court of Appeals over whether the economic loss rule bars a claim for civil theft where taking the property was also a breach of …
DENVER, CO. – May 1, 2019 – Is Delaware changing the way it looks at Rule 12(b)(6) challenges in business cases? Recently, the Delaware Supreme Court has indicated a departure from years of Rule 12(b)(6) jurisprudence. Delaware Supreme Court Rule 8 prohibits parties from raising issues on appeal that were not “fairly presented to the trial court.”[1] In the context …
