Genesis Technical & Financial, Inc. v. Cast Navigation, LLC

We decide in this appeal from a summary judgment whether a corporate director has engaged in self-dealing such that the claimed interest in certain intellectual property is held in constructive trust. David A. Billings was an officer and *204director of Cast Navigation, LLC (Cast), when he was asked by Cast’s board of directors to negotiate a deal that would allow Cast to purchase, at a steep discount, copyrighted software on which it relied and which it had been using under a licensing agreement with the software developer, Averstar, Inc. (Averstar). Billings reported that Averstar expressed…