Andrews Corporate Officers and Directors Liability Litigation Reporter
April 23, 1997
Breach of Duty/Estoppel
Copyright (c) 1997 Andrews Publications
PACT CAN'T RELEASE FUTURE DISLOYALTY, BAD FAITH BY DIRECTORS, SAYS COURT
Hills Stores v. Bozic
A truce that released a suitor's breach of duty claims against the incumbent directors of Hills Stores Co. (HSC) did not prevent shareholders from pressing claims in Delaware Chancery Court for future disloyal conduct when the takeover battle heated...