Member of a LLC May Not Pursue Individual Claims Against Fellow Members or Managers of the LLC for Breach of Fiduciary Duty

June 8, 2009

Remora Investments, L.L.C., 277 Va. 316, 319, 673 S.E.2d 845, 845 (2009)- The Supreme Court of Virginia recently decided that a member of a limited liability company (“LLC”) cannot pursue an individual claim against a fellow member and manager of the LLC unless the manager’s duties are imposed by contract or the operating agreement of the LLC.

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