Creditors of LPs or LLCs Can’t Sue for Breach of Fiduciary Duty
Creditors lack standing in Delaware and other states for derivative liability suits against officers and managers of LPs and LLCs.
Court:
MagCorp Trustee Proposes $47 Million Payout to Bondholders
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USA Gymnastics Says Mediator Would Help Negotiations With Sex-Abuse Victims
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Ruth Madoff Reaches Deal With Ponzi Trustee
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Victims of Stanford Ponzi Scheme Make a Final Push Against Banks
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Apple Supplier Accused of Lying About Contract
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Legal Challenge Still Pending in Avoca Contamination Suit
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PG&E Unable to Strike Deal over Renewable Power Contracts
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Timberline Files for Chapter 11 Protection
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PG&E Says SEC Investigating It for Disclosures, Losses for Wildfires
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