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2026-03-31 13:00:00

2 Credits

Master LLC operating agreement drafting and litigation strategy. Modify fiduciary duties, design dispute-resilient governance, and structure enforceable indemnification provisions confidently across Delaware and RULLCA frameworks.

2026-03-31 13:00:00

Master LLC operating agreement drafting and litigation strategy. Modify fiduciary duties, design dispute-resilient governance, and structure enforceable indemnification provisions confidently across Delaware and RULLCA frameworks.

2026-03-31 13:00:00

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1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

Key topics that will be covered

What will you learn

How fiduciary duties are modified across governing regimes, how indemnification and exculpation provisions operate in contested proceedings, and how governance structures influence dispute exposure and enforcement outcomes.

What will you gain

A practical framework for drafting and challenging operating agreement provisions that allocate authority, define fiduciary risk, structure liability protections, and control dispute pathways across jurisdictions.

Fiduciary modification
Examine default duties of loyalty, care, disclosure, and oversight across jurisdictions.
Governance authority
Structure managerial authority, removal mechanisms, and safe harbor frameworks across regimes.
Dispute architecture
Draft deadlock solutions, buy-sell provisions, and arbitration clauses for governance conflicts.
Liability provisions
Analyze indemnification, advancement, and exculpation under Delaware and RULLCA frameworks.
Litigation strategy
Address self-dealing, minority conflicts, squeeze-outs, and plaintiff-versus-defense fiduciary disputes.
Implied covenant
Identify drafting gaps triggering judicial application of good faith and fair dealing.

What will you learn

How fiduciary duties are modified across governing regimes, how indemnification and exculpation provisions operate in contested proceedings, and how governance structures influence dispute exposure and enforcement outcomes.

What will you gain

A practical framework for drafting and challenging operating agreement provisions that allocate authority, define fiduciary risk, structure liability protections, and control dispute pathways across jurisdictions.

Agenda

Session 1

Fiduciary Duties & Operating Agreement Primacy

Session 2

Governance Design and Dispute Resilience in LLC Agreements: Delaware and RULLCA Drafting Considerations

Session 3

Indemnification, Advancement, and Exculpation Architecture: Delaware and RULLCA Perspectives

clock 1:00 pm - 2:00 pm EST

Fiduciary Duties & Operating Agreement Primacy

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

Examine fiduciary duty provisions that drive high-stakes LLC disputes, including modification and elimination of default duties under Delaware’s contractarian framework, enforceability of fiduciary waivers, drafting ambiguity risks, and the implied covenant of good faith as judicial backstop.

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

clock 2:10 pm - 2:40 pm EST

Governance Design and Dispute Resilience in LLC Agreements: Delaware and RULLCA Drafting Considerations

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

Analyze governance provisions and dispute-planning mechanisms across Delaware, RULLCA, and other jurisdictions, including managerial authority structures, conflict-of-interest procedures, deadlock solutions, books-and-records rights, and forum selection and arbitration clause design.

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

clock 2:40 pm - 3:10 pm EST

Indemnification, Advancement, and Exculpation Architecture: Delaware and RULLCA Perspectives

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

Examine how indemnification, advancement, and exculpation provisions are structured and tested in LLC disputes, comparing Delaware and RULLCA statutory frameworks and connecting drafting choices to advancement disputes and defense-cost litigation outcomes.

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

01 03
Prev
Next

speakers

Joe Ervin

The Law Firm for Truck Safety, LLP
A Partner at The Law Firm for Truck Safety. He focuses exclusively on cases involving commercial motor vehicle crashes and wrongful death. Joe also holds a valid class “A” commercial driver’s license with endorsements for double/triple trailers and tankers.

Education & Credentials

A 2013 graduate of the Gerry Spence Trial Lawyers College in Dubois, Wyoming, Joe is rated AV Preeminent™ by Martindale-Hubbell — the highest peer rating for exceptional legal ability and ethics. He is among the first nine attorneys nationwide to earn board certification in Truck Accident Law from the National Board of Trial Advocacy.

Recognition & Leadership

Joe received the Roadway Safety Award from the American Association for Justice (AAJ) for his commitment to improving highway safety.
 He currently serves as Co-Chair of the Academy of Truck Accident Attorneys (ATAA) Safety Committee, advocating for higher safety standards across the trucking industry.

Professional Involvement

Joe serves on the faculty of the AAJ Advanced Trial Advocacy College: Litigating Truck Collision Cases (2015 & 2024).
 He is an active member of AAJ’s Trucking Litigation Group and sits on the Board of Regents for the Academy of Truck Accident Attorneys.

Experience

Joe frequently consults and co-counsels on complex commercial truck cases. His proven track record includes numerous successful trials against motor carriers and truck leasing companies — delivering justice for victims of commercial vehicle accidents.

Kevin Foley

Reminger Co
A Partner at The Law Firm for Truck Safety. He focuses exclusively on cases involving commercial motor vehicle crashes and wrongful death. Joe also holds a valid class “A” commercial driver’s license with endorsements for double/triple trailers and tankers.

Education & Credentials

A 2013 graduate of the Gerry Spence Trial Lawyers College in Dubois, Wyoming, Joe is rated AV Preeminent™ by Martindale-Hubbell — the highest peer rating for exceptional legal ability and ethics. He is among the first nine attorneys nationwide to earn board certification in Truck Accident Law from the National Board of Trial Advocacy.

Recognition & Leadership

Joe received the Roadway Safety Award from the American Association for Justice (AAJ) for his commitment to improving highway safety.
 He currently serves as Co-Chair of the Academy of Truck Accident Attorneys (ATAA) Safety Committee, advocating for higher safety standards across the trucking industry.

Professional Involvement

Joe serves on the faculty of the AAJ Advanced Trial Advocacy College: Litigating Truck Collision Cases (2015 & 2024).
 He is an active member of AAJ’s Trucking Litigation Group and sits on the Board of Regents for the Academy of Truck Accident Attorneys.

Experience

Joe frequently consults and co-counsels on complex commercial truck cases. His proven track record includes numerous successful trials against motor carriers and truck leasing companies — delivering justice for victims of commercial vehicle accidents.

Grant H. Lawson

The Law Firm for Truck Safety, LLP
A Partner at The Law Firm for Truck Safety. He focuses exclusively on cases involving commercial motor vehicle crashes and wrongful death. Joe also holds a valid class “A” commercial driver’s license with endorsements for double/triple trailers and tankers.

Education & Credentials

A 2013 graduate of the Gerry Spence Trial Lawyers College in Dubois, Wyoming, Joe is rated AV Preeminent™ by Martindale-Hubbell — the highest peer rating for exceptional legal ability and ethics. He is among the first nine attorneys nationwide to earn board certification in Truck Accident Law from the National Board of Trial Advocacy.

Recognition & Leadership

Joe received the Roadway Safety Award from the American Association for Justice (AAJ) for his commitment to improving highway safety.
 He currently serves as Co-Chair of the Academy of Truck Accident Attorneys (ATAA) Safety Committee, advocating for higher safety standards across the trucking industry.

Professional Involvement

Joe serves on the faculty of the AAJ Advanced Trial Advocacy College: Litigating Truck Collision Cases (2015 & 2024).
 He is an active member of AAJ’s Trucking Litigation Group and sits on the Board of Regents for the Academy of Truck Accident Attorneys.

Experience

Joe frequently consults and co-counsels on complex commercial truck cases. His proven track record includes numerous successful trials against motor carriers and truck leasing companies — delivering justice for victims of commercial vehicle accidents.

Tyler Leavengood

Potter Anderson LLP

Michael Maxwell

Potter Anderson

Tammy L. Mercer

Akerman LLP

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

Tyler Leavengood

Potter Anderson LLP

Tyler J. Leavengood is a Partner at Potter Anderson LLP and a member of the firm’s Corporate Litigation group, concentrating on complex corporate and commercial litigation in the Delaware Court of Chancery. He regularly represents corporations, directors, officers, and board committees in stockholder class and derivative actions, appraisal and dissolution proceedings, advancement and indemnification disputes, and books-and-records litigation. Tyler also advises boards and special committees on fiduciary duty matters and internal governance issues. His clients have included four of the ten largest Fortune 500 companies.

Education & Credentials

Tyler earned his J.D., with distinction and high honors, from the University of Iowa College of Law, where he served as Managing Editor of the Journal of Corporation Law. He received his B.S., summa cum laude, from Texas A&M University. He is admitted to practice in Delaware and the United States District Court for the District of Delaware.

Recognition & Leadership

Tyler has been recognized by The Best Lawyers in America® in Corporate Law and Commercial Litigation since 2022. He is a frequent speaker on fiduciary duty, board governance, privilege, and derivative litigation trends.

Professional Involvement

He is a member of the Delaware State Bar Association and the American Bar Association. He has authored articles addressing disclosure obligations, stockholder inspection rights, and developments in corporate litigation.

Experience

Tyler represents Fortune 500 companies, directors, officers, and board committees in high-stakes corporate governance litigation, with a particular focus on proceedings in the Delaware Court of Chancery. His practice includes stockholder class and derivative actions involving oversight, disclosure, and fiduciary duty claims, as well as appraisal and dissolution matters. He regularly handles advancement and indemnification disputes and books-and-records actions, where early procedural and strategic positioning can significantly influence the trajectory of a case. In addition to active litigation, Tyler advises boards and special committees on fiduciary obligations, governance structures, internal investigations, and litigation risk mitigation strategies. He represents clients not only in the Delaware Court of Chancery, but also in the Delaware Superior Court, the United States District Court for the District of Delaware, and other state and federal courts, providing coordinated guidance in complex, multi-forum disputes.

Tyler Leavengood

Potter Anderson LLP

Tyler J. Leavengood is a Partner at Potter Anderson LLP and a member of the firm’s Corporate Litigation group, concentrating on complex corporate and commercial litigation in the Delaware Court of Chancery. He regularly represents corporations, directors, officers, and board committees in stockholder class and derivative actions, appraisal and dissolution proceedings, advancement and indemnification disputes, and books-and-records litigation. Tyler also advises boards and special committees on fiduciary duty matters and internal governance issues. His clients have included four of the ten largest Fortune 500 companies.

Education & Credentials

Tyler earned his J.D., with distinction and high honors, from the University of Iowa College of Law, where he served as Managing Editor of the Journal of Corporation Law. He received his B.S., summa cum laude, from Texas A&M University. He is admitted to practice in Delaware and the United States District Court for the District of Delaware.

Recognition & Leadership

Tyler has been recognized by The Best Lawyers in America® in Corporate Law and Commercial Litigation since 2022. He is a frequent speaker on fiduciary duty, board governance, privilege, and derivative litigation trends.

Professional Involvement

He is a member of the Delaware State Bar Association and the American Bar Association. He has authored articles addressing disclosure obligations, stockholder inspection rights, and developments in corporate litigation.

Experience

Tyler represents Fortune 500 companies, directors, officers, and board committees in high-stakes corporate governance litigation, with a particular focus on proceedings in the Delaware Court of Chancery. His practice includes stockholder class and derivative actions involving oversight, disclosure, and fiduciary duty claims, as well as appraisal and dissolution matters. He regularly handles advancement and indemnification disputes and books-and-records actions, where early procedural and strategic positioning can significantly influence the trajectory of a case. In addition to active litigation, Tyler advises boards and special committees on fiduciary obligations, governance structures, internal investigations, and litigation risk mitigation strategies. He represents clients not only in the Delaware Court of Chancery, but also in the Delaware Superior Court, the United States District Court for the District of Delaware, and other state and federal courts, providing coordinated guidance in complex, multi-forum disputes.

Michael Maxwell

Potter Anderson

Michael P. Maxwell is a Partner at Potter Anderson LLP advising clients on Delaware corporate and alternative entity law in complex transactions involving limited liability companies, partnerships, and corporations. His practice includes investment and private equity fund formations, joint ventures, mergers and acquisitions, restructurings, cross-border transactions, and structured finance matters. Mike also counsels boards, managers, and special committees on fiduciary duty, governance, and contractual interpretation issues, and provides Delaware legal opinions in connection with significant transactions.

Education & Credentials

Mike earned his J.D. from Tulane Law School and his B.A. from the University of Louisville. He has been admitted to practice in Delaware since 2008.

Recognition & Leadership

Mike has been recognized in The Best Lawyers in America® for Securitization and Structured Finance Law and Corporate Law since 2021. He serves on the bar association drafting committee responsible for the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act, and the Delaware Revised Partnership Act. He is also Executive Editor of Symonds & O’Toole on Delaware Limited Liability Companies.

Professional Involvement

He is a member of the American Bar Association’s Business Law Section and the Delaware State Bar Association, and serves on the Delaware Board of Bar Examiners. Mike is also a Contributing Editor to Business Law Today and co-author of regular updates addressing amendments to Delaware corporate and alternative entity statutes and the Delaware Uniform Commercial Code.

Experience

Michael advises private equity sponsors, hedge funds, and other investment vehicles on fund formation, governance, and complex structuring matters involving limited liability companies and other alternative entities. He frequently serves as Delaware counsel in high-value mergers, acquisitions, asset sales, restructurings, structured finance transactions, and cross-border matters, providing strategic guidance on entity design, statutory compliance, and transactional execution. He also renders Delaware legal opinions in connection with significant corporate and financing transactions. In addition, Michael represents lenders and borrowers in commercial financing, asset-based lending, and real estate mortgage transactions, and regularly counsels boards, managers, and special committees on fiduciary duty, governance, and contractual interpretation issues. His practice also includes advising clients on unclaimed property audits, voluntary disclosure programs, and related compliance matters, offering practical solutions to complex regulatory and statutory challenges.

Tammy L. Mercer

Akerman LLP

Tammy L. Mercer is a Partner in the Litigation practice at Akerman LLP in Wilmington, Delaware, where she brings more than 19 years of experience advising boards of directors and private equity clients on complex corporate governance matters. She concentrates her practice in the Delaware Court of Chancery and Delaware Superior Court, handling high-stakes disputes involving mergers and acquisitions, going-private transactions, proxy contests, valuation and appraisal proceedings, and directors’ and officers’ liability. Tammy also has extensive experience with indemnification and advancement proceedings, stockholder demands for books and records, and governance disputes involving alternative entities including LLCs, limited partnerships, and master limited partnerships.

Education & Credentials

Tammy earned her J.D., summa cum laude and Order of the Coif, from Villanova University School of Law, where she served as Associate Editor of the Villanova Law Review. She received her B.S., cum laude, from Kutztown University. She is admitted to practice in Delaware.

Recognition & Leadership

Tammy has been ranked by Chambers USA in Delaware for Chancery since 2022 and listed by Lawdragon 500 as one of the Leading Litigators in America for Complex Business Litigation, with particular recognition in alternative entity matters, in 2023, 2024, and 2026. She has been recognized by Best Lawyers in Delaware for Corporate Governance Law and Corporate Law, and by Delaware Today as a Top Lawyer in Corporate Law.

Professional Involvement

Tammy is a Fellow of the American Bar Foundation and the American College of Governance Counsel, and serves on the Advisory Board for the Weinberg Center for Corporate Governance at the University of Delaware. She chairs the Litigation Subcommittee of the ABA Business Law Section's LLCs, Partnerships and Unincorporated Entities Litigation Committee, and is a member of the ABA's Corporate Laws Committee and the Delaware State Bar Association's Subcommittee on Alternative Entities. She is a frequent speaker at leading CLE programs including the ABA LLC Institute, the Practicing Law Institute, and the Ray Garret Jr. Corporate & Securities Law Institute, and has authored articles in the Delaware Law Review on alternative entity law developments.

Experience

Tammy represents boards of directors, private equity sponsors, and alternative entity clients in high-stakes governance litigation before the Delaware Court of Chancery and Delaware Superior Court. Her practice encompasses fiduciary duty disputes, M&A and going-private litigation, proxy contests, appraisal and dissolution proceedings, and advancement and indemnification matters — areas where early strategic positioning significantly shapes case outcomes. She has particular depth in LLC and alternative entity governance disputes, including matters involving the modification and elimination of fiduciary duties, indemnification and exculpation provisions, and stockholder books-and-records demands.

Thomas E. Rutledge

Stoll Keenon Odgen PLLC

Thomas E. Rutledge is a Member at Stoll Keenon Ogden PLLC in Louisville, Kentucky, where his practice focuses on the law of business organizations, with particular depth in limited liability companies, partnerships, and corporations. He counsels clients on entity formation, governance, and operating agreement design, and regularly advises and serves as an expert witness in disputes involving fiduciary duties, agency, and the application of organizational documents. His work spans both transactional structuring and litigation support, bringing to each engagement a rare combination of statutory drafting experience and practical dispute-resolution insight.

Education & Credentials

Tom earned his J.D. from the University of Kentucky College of Law, where he served as a law review editor, his Graduate Fellow from the University of Notre Dame, and his B.A., cum laude, from Saint Louis University. He has been admitted to practice in Kentucky.

Recognition & Leadership

Tom has been recognized in The Best Lawyers in America® across multiple categories — including Corporate Law, Mergers and Acquisitions Law, Corporate Governance Law, and Business Organizations — since 2006, and was named 2026 Business Organizations Lawyer of the Year in Louisville. He is rated AV® Preeminent™ by Martindale-Hubbell® and recognized by Chambers USA as a Leading Lawyer for Business in Corporate/M&A.

Professional Involvement

Tom is an elected member of the American Law Institute and has served as Chair of the American Bar Association's Committee on LLCs, Partnerships and Unincorporated Entities. He is a Uniform Law Commissioner and has been appointed by the ABA Section of Business Law as an advisor to numerous Uniform Law Commission drafting projects. He is the co-author of Ribstein and Keatinge on Limited Liability Companies and Keatinge and Conaway on Choice of Business Entity, and has contributed chapters to Kentucky Business and Commercial Law.

Experience

Thomas is one of the country's foremost authorities on the law of business organizations, with decades of experience advising clients on LLC operating agreements, governance structures, and entity design across jurisdictions. He has served as principal drafter of Kentucky's LLC Act, Partnership Act, Limited Partnership Act, and Limited Cooperative Association Act, and has participated in the drafting of uniform acts at the national level — giving him unmatched insight into how statutory frameworks translate into real-world drafting and dispute outcomes. His transactional experience includes complex reorganizations, equity offerings, recapitalizations, and private equity transactions, as well as Series LLC structuring built on his work on the Uniform Protected Series Act. Most recently, Thomas has concentrated significant attention on the Corporate Transparency Act, advising clients on beneficial ownership reporting compliance.

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program matters

Attorneys advising LLC clients must command fiduciary duty modification, governance design, and indemnification frameworks to protect clients from escalating litigation exposure across jurisdictions.
21.6M
active LLCs are currently registered in the United States, making operating agreement design one of the most prevalent governance challenges attorneys encounter nationwide.
73%
of partnership tax returns are filed by LLCs, reflecting how regularly attorneys encounter governance and fiduciary duty issues in private business structures.
85%
of all new business entity formations in the United States are LLCs, making operating agreement drafting one of the most frequently recurring legal tasks for business attorneys.
12M
contract lawsuits are filed against small businesses annually, making operating agreement disputes one of the most pervasive sources of business litigation exposure nationwide.

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