Try our Advanced Search for more refined results

Expert Analysis

When Can LLCs Appoint A Special Litigation Committee?

By Muhammad Faridi and Elizabeth Quirk (September 20, 2017, 12:53 PM EDT) -- In a decision handed down on Aug. 15, 2017, the New York Appellate Division, First Department, endorsed the practice of the appointment of a special litigation committee (SLC) by a limited liability company (LLC) "at least where explicitly contemplated" by the LLC's operating agreement.[1] However, where the operating agreement does not explicitly provide for such an appointment or otherwise evince intent to delegate core governance functions to a nonmember, the LLC cannot appoint an SLC that has authority over a major decision of the LLC.[2]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!