Court Of Chancery Explains Pleading Rules For Fiduciary Duty Claim
Posted In Fiduciary Duty
AM General Holdings LLC v. The Renco Group Inc., C.A. 7639-VCN (October 31, 2013)
This is another example of how the Court of Chancery treats breach of fiduciary duty claims that are duplicative of breach of contract claims. When the 2 claims overlap, the Court will dismiss the breach of fiduciary duty claim. Of course, what constitutes such an overlap is not always easy to determine. This decision illustrates that process.
Tags: Fiduciary DutyShare