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Precisely. Courts have previously upheld the foll

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Post# of 45510
Posted On: 05/06/2013 1:56:58 PM
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Posted By: Ann1
Re: ronb #27932

Precisely.


Courts have previously upheld the following by way of breach of fiduciary duty:


1)  Use of executive position to derive profit or otherwise promote personal interest at the expense of shareholders


2)  Use of executive position as a forum for prosecuting personal vendettas against particular shareholders, and/or


3)  Use of position to show favoritism among shareholders.


I am no lawyer and obviously cannot opine confidently without all pertinent documents and facts...however, we might be looking at a case of 2 out of 3 breaches here.



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