Bankruptcy Judge Turns Delaware LLC Law on its Head: A Lesson in LLC Management and the Risk of Member Insolvency

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 …

Chipman Glasser Obtains Complete Defense Verdict in Complex Fraud and Breach of Contract Litigation

By Daniel W. Glasser on August 24, 2023. On June 27, 2023, Chipman Glasser, LLC obtained a complete defense verdict in a complex commercial litigation matter tried in the Denver District Court. The plaintiffs asserted more than $12 million in damages on claims for breach of contract, fraud, fraudulent omission, fraudulent transfer, abuse of process, and alter ego stemming from …