Gentile v. SinglePoint Financial, Inc.

This is an appeal from a decision of the Court of Chancery on cross motions for summary judgment by appellant/plaintiff below John Gentile (“Gentile”) and appel-lee/defendant below, SinglePoint Financial, Inc. (“SinglePoint”). Gentile, a former officer and director of SinglePoint, brought suit under 8 Del.C. § 145(k) claiming that he was entitled to mandatory advancement under SinglePoint’s bylaws in connection with several related matters: (1) an inves tigation by SinglePoint concerning Gentile’s conduct as an officer and director; (2) an action filed by SinglePoint in Rhode Island state…