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Representing Closely Held Businesses Post- Baker v. WilmerHale: A Delicate Dance

Monday, January 7, 2019 12:00 PM to 1:30 PM
Boston Bar Association - 16 Beacon Street, Boston, MA


Description:

In Baker v. WilmerHale, the Massachusetts Appeals Court permitted minority members of an LLC to sue outside counsel for breaching its fiduciary duty by orchestrating a "freeze out" in favor of the majority members. This brown bag program will focus on the delicate balance that outside counsel must maintain when confronted with power struggles between owners of a closely-held corporation:

  • Who is your client?
  • Do you owe fiduciary duties to third parties?
  • When the majority owners give you instructions, should you – or must you – disclose them to the minority?
  • Do you advise everyone to get separate counsel? Is it reasonable?

Our panelists will discuss these and other pressing (and sometimes perplexing) attorney-client issues that have arisen in the wake of the Baker decision.

 

Registration Categories:
BBA Member – Free. Included as part of your membership.
Non-Member - $100.00

Sponsoring Section/Committee(s):

Speakers:

 

Contact:

Taylor Richard
trichard@bostonbar.org

 

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