"Texas Allows Elimination of Fiduciary Duties in LLCs"

In this episode, Akin litigation partners Scott Barnard and Stephanie Lindemuth unpack a major shift in Texas business law with real consequences for LLCs, private equity sponsors, and minority investors. They examine new statutory changes allowing fiduciary duties to be eliminated by contract, how Texas's approach diverges from Delaware's, and why choice of law and precise drafting have never…