Delaware Chancery Court Allows Minority Stockholder's Claim for Breach of Fiduciary Duties | Practical Law

Delaware Chancery Court Allows Minority Stockholder's Claim for Breach of Fiduciary Duties | Practical Law

An update on the Delaware Chancery Court's opinion in Latesco, L.P. v. Wayport, Inc., holding that directors may be liable for breaches of certain fiduciary duties in the context of a right of first refusal agreement between a corporation and its stockholders.

Delaware Chancery Court Allows Minority Stockholder's Claim for Breach of Fiduciary Duties

by PLC Corporate & Securities
Published on 30 Jul 2009 • Delaware, USA (National/Federal)
An update on the Delaware Chancery Court's opinion in Latesco, L.P. v. Wayport, Inc., holding that directors may be liable for breaches of certain fiduciary duties in the context of a right of first refusal agreement between a corporation and its stockholders.