Delaware Business Litigation Report

Delaware District Court Examines An Officer’s Fiduciary Duties When Projecting Revenues

Palmer v. Reali, Civ. No. 15-994-SLR (D. Del. Sept. 29, 2016)

Revenue projections are an inexact science, but they should have some basis in fact.  Where they are alleged to be without a basis in reality, and indeed contrary to reality, a court may, as here, find that an officer’s fiduciary duties are implicated.

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