Skip to Content

News & Resources

First Impressions

1/9/2017 | Construction Blog

In a case of first impression, the Pennsylvania Superior Court ruled that the majority members of a limited liability company owe a fiduciary duty to the minority members that is breached if the majority sell the LLC’s assets to a new LLC controlled by the majority members.  The opinion may be found at this link: http://www.pacourts.us/assets/opinions/Superior/out/Opinion%20%20ReversedRemanded%20%2010334626430440435.pdf