Laura Graham was injured when she tripped over a sprinkler box located on property owned by a single member limited liability company. She sued the LLC and asserted that its member was the alter ego of the LLC and the case was appealed to the Nevada...
Nevada Supreme Court Clarifies Alter Ego Liability Of LLC Members
Posted on April 26, 2024
The Too Too Unpardonable Fault Of Conflating LLCs And Corporations
Posted on August 10, 2023
"O, 'tis a fault too too unpardonable!"*
Law Professors Samantha Prince and Joshua Fershee have recently completed an article on the importance of not conflating limited liability companies with corporations. In An LLC By Any Other Name Is Still Not...
Nevada Supreme Court Affirms Contemporaneous Ownership Requirement In LLC Derivative Action
Posted on October 19, 2022
I a short order of affirmance issued last week, the Nevada Supreme Court affirmed a basic requirement of derivative litigation. J. McDonald Co. v. Tropical & Losee, LLC, 2022 WL 6833521 (Nev. Oct. 11, 2022). The case involved an attempt by J....
Federal Court Applies Demand Excused Test When Demand Was Allegedly Made
Posted on March 17, 2022
I must confess that I confess that I am nonplused by a recent ruling by U.S. District Court Judge James A. Teilborg in SinglePoint Direct Solar LLC v. Curiel, 2022 U.S. Dist. LEXIS 19880. The case involved, among other things, a derivative claim...
The Fiduciary Duties Of A Nevada LLC Manager May Be limited Indeed!
Posted on May 31, 2019
When the Nevada legislature enacted the state's limited-liability company act, it did not prescribe the fiduciary duties, if any, owed by managers. As I observed:
