Delaware Court Holds That Corporate Officers Have The Same Fiduciary Duties As Corporate Directors Under Delaware Law (Mondaq)

In 2009, the Supreme Court of Delaware in Gantler v. Stephens, No. 132, 2009 Del. LEXIS 33 (Del. Jan. 27, 2009) (unpublished decision) addressed the question of the fiduciary duties owed by corporate officers to shareholders. Attorney Tracy Waldmann discusses the Gantler case in her Mondaq article stating that “the court held that corporate officers owe the same fiduciary duties as those owed by corporate directors. Although a matter of first impression for the court, it acknowledged that it was following a long articulated principle of Delaware law that corporate officers owe fiduciary duties identical to those owed by corporate directors.”
 
To read the full article, go to: Mondaq.com