Supreme Court of Delaware
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