Is Dexit Warranted? A Texas federal court recently underscored at least one good reason companies are voting to depart from Delaware.

Is Dexit Warranted? A Texas federal court recently underscored at least one good reason companies are voting to depart from Delaware.

By Daniel W. Glasser on May 16, 2025 For decades, Delaware has been regarded as the “go-to” forum for business formation, especially for publicly traded companies. The state’s Court of Chancery, a specialized court dedicated exclusively to business matters, has...
Bankruptcy Judge Turns Delaware LLC Law on its Head: A Lesson in LLC Management and the Risk of Member Insolvency

Bankruptcy Judge Turns Delaware LLC Law on its Head: A Lesson in LLC Management and the Risk of Member Insolvency

Published by Daniel W. Glasser on January 16, 2024 Introduction It is no secret that Bankruptcy can turn everything we know about the law on its head. And when that happens in the realm of limited liability company (“LLC”) governance, investors, bankers and lawyers...
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