Cargill, Inc. v. JWH Special Circumstance LLC

OPINION

PARSONS, Vice Chancellor.

This is an action by a representative of a Delaware statutory trust, which suffered significant losses as a result of a transfer of certain of its assets to the Refco Group shortly before Refco’s collapse in late 2005, against the parent and grandparent entities of the trust’s managing owner. The trust’s representative claims the managing owner violated its fiduciary duties to the trust, and that the managing owner’s parent and grandparent are liable, directly or indirectly, for exercising control over or aiding and abetting the managing owner’s actions to…