Chancery Finds Corporate Officers Usurped Corporate Opportunities and Converted Resources in Violation of their Fiduciary Duty of Loyalty

Posted on January 23rd, 2012 by Francis Pileggi

In a post-trial decision, the Court of Chancery in Dweck v. Nasser, C. A. No. 1353-VCL (Jan. 18, 2012), found that Dweck, the former CEO, a director and 30% stockholder in Kids International Corporation (“Kids”), and Kevin Taxin, Kids’ President, … Continue reading →

Chancery Provides Uncommonly Cursory Explanation for Denial of Injunctive Relief

Posted on September 22nd, 2011 by Francis Pileggi

Geovesi Holdings Ltd v. Bisson, C.A. No. 6780-VCL (Del. Ch. Sept. 19, 2011). Read opinion here. This letter decision denied a motion for injunctive relief to enforce a non-compete agreement, and is notable for its brevity of less than two … Continue reading →

Chancery Court Dismisses Suit for Breach of Non-Competition Covenant Due to Lack of Personal Jurisdiction

Posted on March 30th, 2009 by Francis Pileggi

Mobile Diagnostic Group Holdings, LLC v. Suer,  Del. Ch., No. 4298-CC (March 24, 2009), read opinion here. Kevin Brady, a highly respected Delaware litigator, provides us with the following review of this decision. Chancellor Chandler dismissed this action seeking to enforce the … Continue reading →