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Dissident Director Who Harms Corporation to Further Personal Objectives Violates Duty of Loyalty
Directors owe fiduciary duties to a corporation on whose Board of Directors (“Board”) they serve and effectively to all of its stockholders. The fiduciary duty of loyalty dictates that directors act in good faith and not allow their personal interests to prevail over those of the corporation. Thus, a director may not use confidential company information, or disclose it to third parties, for personal gain without authorization from his fellow directors. This principle is often memorialized in corporate policies
Limited Liability Company Law – Whether a Manager of a Manager-Managed Limited Liability Company Breached Fiduciary Duties Under Delaware Law to the Limited Liability Company and Its Members
Gatz Props., LLC v. Auriga Capital Corp., 59 A.3d 1206 (Del. 2012)
Non-Compete, Non-Solicit, Breach of Fiduciary Duties
Drafting issues for non-competition clauses, non-solicitation clauses, and breach of fiduciary duties.