Nahill v. Raytheon Co.

Fabricant, Judith, J.

INTRODUCTION

This action arises from the re-purchase of the plaintiffs stock after his termination from his position as chairman and chief executive officer of Flight Options, LLC (Flight Options). Among the multiple claims against multiple defendants asserted in his complaint is a claim of breach of fiduciary duly against the six individual members of the company’s board of managers. Five of those individuals now move to dismiss that claim. For the reasons that will be explained, the motions will be allowed.

BACKGROUND

The facts relevant to the instant motion, taken from…