In a state in which the managers of a limited liability company owe fiduciary duties to the firm and its members, those members can sue the managers for breaching a fiduciary duty.

Question

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In states where the law establishes that managers of a limited liability company (LLC) owe fiduciary duties to the LLC and its members, members can indeed sue the managers for breaching those fiduciary duties. This is because fiduciary duties create legal obligations that, when violated, provide grounds for legal action by those owed the duties.

In a State in Which the Managers of a Limited