LexisNexis Corporate and Commercial Insights: Francis Pileggi Discusses Recent Decisions of Delaware Court of Chancery and Supreme Court

Francis G.X. Pileggi, Member-in-Charge of Eckert Seamans, discusses a recent Delaware Court of Chancery case outlining the factors involved in assessing whether an attorney could place a retaining lien on a file of a client who had not paid the attorney's fee and a Delaware Supreme Court holding that creditors of a limited liability company (LLC) have no right to bring a derivative action, unlike in the analogous corporate context. Another Chancery case discussed denied a request for an interim fee in a class action.