Huff Energy Fund, L.P. v. Longview Energy Co.

Longview Energy Corporation’s live pleadings gave fair notice that a basic issue to be resolved at trial was whether Bill Huff and Rick D’Angelo, engaged in competition with Longview by forming and operating Riley-Huff Energy Group without the informed approval of Longview’s board of directors. In addressing the corporate opportunity issues, the majority and concurrence also misapply the applicable standard of review and re-define and narrow the scope of Delaware’s , corporate opportunity doctrine. Although the record clearly establishes the liability of. Huff, D’Angelo, and Riley-Huff, I…