Andrews Corporate Officers and Directors Liability Litigation Reporter
February 11, 2002
Copyright (c) 2002 Andrews Publications
COURT SAYS EX-EXEC WILL HAVE TOUGH TIME PROVING RIGHT TO STOCK
Jacobson v. Dryson Acceptance Corp.
The message in the Delaware Chancery Court's ruling in a dispute over the breakup of a close corporation is, “Don't assume you own an interest in the company if it's not in writing.” The court allowed a former officer of a small mortgage warehousing...