Storetrax.com, Inc. v. Gurland

This case considers whether a member of a corporation’s board of directors breached his fiduciary duty owed to the corporation when he, removed as an employee of the corporation, filed suit against the corporation in order to enforce severance pay provisions of his employment agreement, pursued summary judgment by default after the corporation failed to file a timely answer, and sought to enforce his money judgment, over the corporation’s opposition, by attaching the bank account of the corporation. The Circuit Court for Montgomery County held that the board member did not breach his…