Chelsea Industries, Inc. v. Gaffney

The defendants appeal from a judgment of the Superior Court adopting and confirming the report of a master. The master found that the defendants were liable in damages to the plaintiff for setting up a competing business in violation of the fiduciary duty the defendants owed the plaintiff. The judgment ordered and adjudged the defendants to be “jointly and severally [liable to the plaintiff] in the amount of $496,009.72, together with costs.” Essentially, the defendants claim that they “had the right to plan and prepare for creation of a competing business while carrying on the normal duties…