William H. Plank, II, et al. v. James P. Cherneski, et al., Misc. No. 3, September Term, 2019, Opinion by Booth, J. FIDUCIARY DUTIES – MANAGING MEMBERS OWED TO LIMITED LIABILITY COMPANY AND MEMBERS – AGENCY. Managing members of an LLC owe common law fiduciary duties to the LLC and to the other members based upon the fiduciary relations governing the principles of agency. BREACH OF FIDUCIARY DUTY AS AN INDEPENDENT CAUSE OF ACTION. In Kann v. Kann, 344 Md. 689 (1997), and our jurisprudence that…
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