Breach of contract | Global Insolvency

Appointment of receiver upheld for Delaware LLC

26 October 2010

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Insolvency exclusion of Professional Services Liability Coverage and professional services exclusion of Management Liability Insuring Agreement barred coverage for underlying litigation concerning Bernard Madoff’s Ponzi scheme

01 November 2010

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Adversary actions filed in MPC bankruptcy

06 November 2010

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Decision in DHP Holdings considers forum selection clause in deciding whether to grant motion to change venue

01 November 2010

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Delaware Court of Chancery holds that creditors of Delaware LLCs do not have derivative standing when LLC is insolvent

11 November 2010

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Partner's fraud found to be non-dischargeable by "innocent" partner

22 November 2010

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Delaware Court of Chancery says creditors of insolvent LLCs may not sue management

18 November 2010

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FDIC brings second action against directors or officers of failed banks

16 November 2010

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Delaware court bars creditors' derivative claims against insolvent LLC

29 November 2010

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Fiduciary duty not a defense to breach of exclusivity provision

29 November 2010

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