Creditors of insolvent Delaware limited liability companies blocked from suing managers for breach of fiduciary duty

Date

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Location
USA
Firm
Bryan Cave Leighton Paisner (Bryan Cave)
Tags
USA
Delaware
Company & Commercial
Insolvency & Restructuring
Litigation
Bryan Cave Leighton Paisner (Bryan Cave)
Debtor
Breach of contract
Fraud
Fiduciary
Board of directors
Limited liability company
Standing (law)
Limited partnership
Liability (financial accounting)
Default (finance)
Derivative suit
Delaware General Corporation Law
Delaware Court of Chancery
Delaware Supreme Court