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Home / Opinion Digests / Contract / Corporate  – LLCs – Breach of Fiduciary Duties – Punitive Damages – Derivative Action (access required)

Corporate  – LLCs – Breach of Fiduciary Duties – Punitive Damages – Derivative Action (access required)

  Even though the individual defendants are both (1) liable for the jury’s punitive damages awards and (2) members of the LLCs to which those punitive damages will be distributed, there is no North Carolina authority for prohibiting a shareholder who participated in wrongdoing against the corporation from sharing in his pro rata share of damages ...

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