Beard Research, Inc. v. Kates
Court of Chancery of Delaware
1Opinion of the Court
OPINION
PARSONS, Vice Chancellor.
Plaintiffs, two companies once involved in the development and sale of chemical compounds, brought this action against a number of business competitors and former employees claiming they were the victim of a scheme by these entities and individuals to put them out of business. Plaintiffs, Charles Beard Research & Development, Inc. (“CB”) and Beard Research, Inc. (“BR,” collectively, with CB, “Plaintiffs”), hired Michael Kates in 1998 and made him second in command in both companies to founder Charles Beard. By 2003, Kates was ready to move on and began talking…
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