Delaware Supreme Court Extends Fiduciary Duties to Company Officers
In Gantler v. Stephens, C.A No. 2392, 2009 WL188828 (Del. Jan. 27, 2009), the Delaware Supreme Court held that officers of Delaware corporations owe the same fiduciary duties of care and loyalty to the company and its shareholders as directors owe. Prior Delaware court decisions have implied that officers might have the same fiduciary duties [...]