Under the link below, the FarrellFritz law firm provides an excellent summary of two recent articles in the ABA Business Lawyer about the debate among LLC scholars and lawyers about whether internal LLC disputes should be resolved by derivate or direct lawsuits.

Here is the link: LLCs, Direct vs. Derivative Claims, and Special Litigation Committees: A Lively Debate | New York Business Divorce (nybusinessdivorce.com)

Since many operating agreements for multi-member LLCs contain arbitration provisions, it’s important for LLC lawyers to have at least a solid basic understanding of the arbitration process and arbitration awards.  The link below contains an excellent discussion of the various kinds of arbitrations and the case law relevant in evaluating them.

What Happens if an Award is not Sufficiently “Reasoned”?