A recent Delaware Court of Chancery ruling suggests drafters of LLC operating agreements may want to consider establishing a process by which managers of LLCs can be deemed to act in good faith and avoid application of the implied duty of good faith.

On March 14 the Iowa Civil Justice Task Force released recommendations for reforming the state’s civil justice system, including a recommendation to establish specialized “business courts.” Before Iowa can launch a business court system, however, two important issues must be addressed.

Dickinson business and banking law attorney Marc Ward was re-elected for a third term as president of the Taxpayers Association of Central Iowa at the group’s annual meeting on February 8.

With good fortune this unpublished opinion by the Colorado Court of Appeals will be reversed on appeal. Until then, lawyers need to take notice of this case because it is indicative of the risk inherent in operating a single member LLC.

U.S. News Media Group and Best Lawyers® have released the 2011-2012 “Best Law Firms” rankings, and once again Dickinson, Mackaman, Tyler & Hagen, P.C. is well represented in the rankings for the Des Moines metropolitan area, having received Tier 1 rankings in 19 areas of law.