Supreme Court of Delaware

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N. Am. Catholic Educ. Programming Found., Inc. v. Gheewalla, 521, 2006

The creditors of a Delaware corporation that is either insolvent or in the zone of insolvency have no right, as a matter of law, to assert direct claims for breach of fiduciary duty against the corporation's directors.

Appellate Information

  • Decided 05/18/2007
  • Published 05/22/2007

Judges

Court

  • Supreme Court of Delaware

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