Court of Chancery Finds Officer Liable for Competing With Corporation and Misappropriating Trade Secrets
JD Supra: Mergers
DECEMBER 27, 2023
On September 1, 2023, Vice Chancellor Paul A. Fioravanti, Jr. of the Court of Chancery delivered a decision finding that the president of a plaintiff company and a second business the president had formed and served simultaneously were liable for his misappropriation of trade secrets, breach of contract and breaches of his fiduciary duty of loyalty to the plaintiff.
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