Tarik J. Haskins

Morris Nichols partner Tarik Haskins joins a panel of Delaware practitioners in a roundtable with the Honorable Tamika Montgomery-Reeves, Justice of the Supreme Court of Delaware, highlighting career opportunities in Delaware for law students with diverse skills and experiences.

The Delaware Supreme Court recently decided the case of Murfey v. WHC Ventures, LLC, No. 294, 2019 (Del. July 13, 2020), which involved a dispute over whether the plaintiff limited partners were entitled to certain books and records under the partnership agreement in question.

The DLLCA is amended annually to ensure that it is the preeminent statute governing LLCs and to ensure that the DLLCA addresses the needs of practitioners and persons using the LLC form, including the needs of M&A practitioners.  The amendments that took effect on August 1, 2019 provide for creation of “registered series” (Amendments), among other things.

Wilmington, DE (May 29, 2019) - The Legal 500 United States released its 2019 edition today. Morris, Nichols, Arsht & Tunnell LLP is once again “highly rated” in the nationwide guide to the foremost law firms in the United States.

Morris Nichols maintains a Cumulative Survey of Delaware case law relating to alternative entities that is updated annually, organized by subject area and includes most cases that address significant alternative entity issues.

In Oxbow Carbon & Minerals Holdings, Inc. v. Crestview-Oxbow Acquisition, LLC, the Delaware Supreme Court affirmed in part and reversed in part a decision by the Court of Chancery that used the implied covenant of good faith and fair dealing to permit minority members (the “Minority Members”) of a Delaware limited liability company (the “LLC”) to cause a sale of the LLC despite the right of certain holders (the “Small Holders”) to block the sale. 

On August 1, 2018, the Delaware Limited Liability Company Act (DLLCA) was amended to add, among other things, a division statute (Amendments). The Amendments included new Section 18-217 which permits a Delaware limited liability company (LLC) to divide into two or more LLCs (each a Division company).

In In re Energy Transfer Equity L.P. Unitholder Litigation, the Court of Chancery of the State of Delaware concluded that a private offering of securities by Energy Transfer Equity, L.P. (ETE) breached its limited partnership agreement (LPA).

Morris Nichols maintains a Cumulative Survey of Delaware case law relating to alternative entities that is updated annually, organized by subject area and includes most cases that address significant alternative entity issues.

In Miller v. HCP & Company, 2018 WL 656378, the Court of Chancery granted defendants’ motion to dismiss an action seeking relief under the implied covenant of good faith and fair dealing under the subject company’s limited liability company agreement (LLC Agreement) in connection with a sale of the subject company pushed by the defendants. 

New rules for partnership tax audits (the “New Rules”) included in the Bipartisan Budget Act of 2015 shall become effective for partnership tax returns filed for tax years beginning after December 31, 2017.

Practitioners do not need to throw out the carefully crafted partnership agreements used by master limited partnerships because of the recent decision in In re: El Paso Pipeline Partners, LP.

Tarik Haskins, partner in the Morris Nichols Delaware Commercial Law Counseling Group, authored “Exit Stage Left: Getting Out of Your Limited Liability Company” featured in the July 2013 Edition of Business Law Today, a publication of the ABA's Business Law Section.

Tarik J. Haskins, “Using Limited Liability Company Interests and Limited Partnership Interests as Collateral,” ABA Business Law Today (Jan. 2013)

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Tarik Haskins, partner in the Morris Nichols Delaware Commercial Law Counseling Group, is the featured author of “Using Limited Liability Company Interests and Limited Partnership Interests as Collateral” appearing in the Fall 2012 Edition of the ABA’s Commercial Law Newsletter, a joint publication of the Commercial Finance and Uniform Commercial Code Committees of the ABA’s Business Law Section.

Tarik J. Haskins, “Recent Case Law Developments Relating to Delaware’s Alternative Entities,” Delaware Law Review, Vol. 10, No. 1 (2008)