Managers and managing members of limited liability corporations (LLC’s) owe duties of care and loyalty (called fiduciary duties) to the LLC and its members. A member of an LLC has far more responsibility to fellow shareholders than an employee would have to an...
Those who manage Limited Liability Companies (LLC’s) have many responsibilities. It’s up to them to run a business and make a profit while living up to their responsibilities to fellow company members. Most managing partners, if their businesses aren’t making record...
A class action lawsuit filed to claim damages due to an improper merger between Occam Networks, Inc., (a Delaware corporation based in Santa Barbara) and Calix, Inc. (also a Delaware corporation, based in Petaluma). This lawsuit filed on behalf of Occam shareholders,...
Newport based Mindspeed, Inc. was sued in Orange County Superior Court by several of its shareholders on November 15th. The shareholders claim that the company broke its fiduciary duty in connection with Mindspeed’s acceptance of M/A-Com Technology Solutions Holdings...
In any limited partnership, the general partners owe the limited partners a fiduciary duty that is probably the highest duty of all. Awareness of what encompasses such duty will not only keep the partnership well managed and keep the limited partners satisfied, but it...
