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    Delaware Court Precludes Creditors of Limited Partnership From Pursuing Derivative Claims
    2019-06-18

    In several cases since the seminal 2011 Delaware Supreme Court decision CML V LLC v. Bax, which held that creditors of Delaware LLCs lack standing to pursue derivative claims, the U.S. Bankruptcy Court for the District of Delaware has expanded the jurisprudence regarding the assertion of derivative claims and alternative entities. Most recently, in Gavin/Solmonese LLC v.

    Filed under:
    USA, Delaware, Company & Commercial, Insolvency & Restructuring, Litigation, Skadden Arps Slate Meagher & Flom LLP, Debtor, Limited partnership, Fidcuciary, Delaware Supreme Court
    Authors:
    Joseph O. Larkin , Robert A. Weber , Jason S. Levin
    Location:
    USA
    Firm:
    Skadden Arps Slate Meagher & Flom LLP
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