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State Courts -
Delaware - May 8, 2001
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Gibralt Capital Corp. v. Smith, C.A. No. 17422,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, May 8, 2001, Decided
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Overview: Shareholders of corporation bled dry by series of transactions by officers, directors, and majority shareholder, only some of which were disclosed, could sue for breach of fiduciary duty and seek appointment of a receiver.
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