Supreme Court of Delaware

Summary judgment for defendants, former directors and a CEO, on minority shareholders' claim of breach of fiduciary duty arising from a particular self-dealing transaction is reversed where the claim was not exclusively derivative and could be brought by the former minority shareholders directly.

Appellate Information

• Decided 08/17/2006
• Published 08/21/2006

Judges

• JACOBS, Justice., Before HOLLAND, BERGER and JACOBS, Justices.

Court

• Supreme Court of Delaware

Counsel

• For Appellant:
  
• David A. Jenkins (argued), Joelle E. Polesky, Robert K. Beste, III, and Michele C. Gott, Esquires, of Smith, Katzenstein & Furlow LLP, Wilmington, Delaware;  John L. Reed, Esquire, of Edwards & Angell Palmer & Dodge, LLP, Wilmington, Delaware;  for Appellants.


• For Appellees:
  
• Jesse A. Finkelstein, Raymond J. DiCamillo and Michael R. Robinson, Esquires, of Richards, Layton & Finger, P.A., Wilmington, Delaware;  Of Counsel:  Sean T. Carnathan (argued) and Alan J. Langton II, Esquires, of O'Connor, Carnathan and Mack LLC, Burlington, Massachusetts;  for Appellees.