The first deals with
outside liability exposure.
Regardless of whether the state offers charging order protection of
outside liability exposure, all states respect the separate character of the LLC for inside exposure.
Not exact matches
Hospitals, doctors, and their insurers will often choose to settle a claim
outside of court because it limits their public
exposure and
liability.
Finally, Wyndham recognizes that director
liability for a data breach can be minimized when a board of directors holds meetings to address data breaches or attacks, engages forensic technology consultants to assess risks, engages
outside counsel to advise the company on related legal issues, and takes necessary remedial measures to address the breach and minimize
exposure.
Finally, in addressing these
exposures, you should take into consideration
liabilities that will fall
outside the coverage offered by your E&O policy.
Corporate Litigation Counsel: Ms. Sedney has acted as
outside corporate litigation counsel in a variety of contexts including wrongful death litigation, breach of contract claims, alleged asbestos
exposure, general tort litigation, product
liability and mass tort litigation.
Regardless of whether the manager of the LLC is an individual member or an
outside party the LLC does not create unlimited
liability exposure for the manager.