District Court Defines Managerial Role in LLCs

An individual who performs some, but not all, of the managerial duties for a limited liability company and is not listed as a manager in the entity's LLC agreement cannot be sued as a manager under Delaware's LLC Act, the U.S. District Court for the District of Delaware has ruled.

Sign up for a free Law.com trial now!

Law.com's Elite 15-day trial gives you:

  • All access pass to legal news across ALM's Network
  • News by Practice Area, available exclusively on Law.com
  • The free Law.com InPractice digital newsletter
  • Personalized legal news on the Law.com mobile App

During and after your trial, you'll receive the benefits of an ALM digital membership, including a subscription to the Law.com Newswire digital newsletter.