Liability and Risk Management Topics in LLCs, LPs and Partnerships

Session 1: Partnership by Ambush: Lessons from ETP v. Enterprise Products - Can companies effectively disclaim the existence of a joint venture or partnership and the fiduciary duties they entail under current Texas law? What is the likelihood that the $319 million jury verdict against Enterprise Products will be overturned on appeal? If not, what steps should companies take in their preliminary agreements and subsequent conduct to minimize the risk of liability for alleged breach of fiduciary duties?
 
Session 2: Liability Issues for Managers, General Partners, and other Agents - Analyze liability issues for managers of LLCs, partners in LLCs and agents acting on behalf of principals for damages resulting from actions. Hear a discussion of the efficacy of statutory language, the liability of managers, partners, or agents for damages resulting from actions taken in their official capacities; and the economic loss rule which prevents recovery for negligence when the duty breached is a contractual duty (and harm incurred is a result of failure of purpose of contract).
 
Session 3: Remedies of Minority Owners Post Ritchie - After the Texas Supreme Court radically altered 25 years of Texas law on shareholder rights in close corporations, minority owners must be creative and vigilant at protecting their investments. Hear practical tips for minimizing risk and litigation options that remain available.

Includes: Audio Paper Slides