Andrews Corporate Officers and Directors Liability Litigation Reporter
July 16, 2001
Breach of Duty
Copyright (c) 2001 Andrews Publications
IOWA HIGH COURT FINDS NO LIABILITY FOR OFFICER WHO FORMED COMPETITOR
Midwest Janitorial Supply Co. v. Greenwood
A corporate officer's brief period of preparation to form a competing janitorial supply company before resigning did not breach his fiduciary duty, even though many of his old company's employees and customers were doing business with him in his new...