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Home / Opinion Digests / Corporate / Corporate – Family LLC – Power Consolidation – Tort/Negligence – Breach of Fiduciary Duty – Breach of Contract (access required)

Corporate – Family LLC – Power Consolidation – Tort/Negligence – Breach of Fiduciary Duty – Breach of Contract (access required)

In the context of a limited liability company, a group of members with an aggregate majority ownership do not owe a fiduciary duty to minority members. The court grants in part and denies in part defendants’ motion to dismiss. Allegations In this dispute over membership in a family limited liability company (Bennett Farm), plaintiff siblings Bert and Terry ...

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