About This Blog
Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Topics
Top Posts
Top News
- February 19, 2021
- October 30, 2020
- April 1, 2024
Archives
Morris James Blogs
Court Of Chancery Rejects Special Rights For Minority Stockholders
By Morris James LLP on April 30, 2013
Posted In Fiduciary Duty
Blaustein v. Lord Baltimore Capital Corporation, C.A. 6685-VCN (April 30, 2013)
This decision affirms the long held law that Delaware does not recognize the "abuse of minority stockholders" theory whereby there is a duty to treat minority stockholders in such a way as to give them benefits that are not provided by contract or the law, such as dividends.
Tags: Fiduciary Duty
Share