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Court Of Chancery Rejects Special Rights For Minority Stockholders
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
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