Act 170 Changes the Business Landscape in Pennsylvania
Act 170 effects significant change to the litigation landscape for both practitioners and LLC members. In this Legal Intelligencer publication, Edward Kang discusses the rights of a limited liability company (LLC) member to sue other members either directly or derivatively on behalf of the company. Edward discusses the previous statutory scheme, and details the substantive and procedural changes brought by Act 170, including the expanded rights of a member to bring a direct action, the enactment of a universal demand requirement for derivative actions, and the effect of newly-required special litigation committees. Check out this article online to consider Edward’s analysis of how Act 170 alters LLC litigation practice.