SELF-INTERESTED CEO MAY BE ABLE TO SHOW ENTIRE FAIRNESS, SAYS JUDGE
Summit Metals v. Gray
A federal judge in Wilmington, Del., said it's too early to decide whether Summit Metals CEO Richard Gray breached his fiduciary duty by engineering the sale of Summit assets to entities he controlled shortly before Summit filed for bankruptcy...
SELF-INTERESTED CEO MAY BE ABLE TO SHOW ENTIRE FAIRNESS, SAYS JUDGE
Summit Metals v. Gray