Riblet Products Corp. v. Nagy

VEASEY, Chief Justice:

In this certification proceeding we resolve a question of Delaware law certified to this Court by the United States Court of Appeals for the Seventh Circuit in accordance with Article IV, Section 11(9), of the Delaware Constitution and Supreme Court Rule 41. We consider whether or not majority stockholders of a closely-held Delaware corporation can be found to have breached a fiduciary duty owing to a minority stockholder who is also the chief executive officer (“CEO”) of the corporation and thus an employee of the corporation under written contract when the dispute…