Fidelity Management & Research Co. v. Ostrander
Massachusetts Appeals Court
1Opinion of the CourtSmith, J.
The plaintiffs, Fidelity Management & Research Company, Fidelity Management Trust Company, Fidelity Puritan Trust, and Fidelity Devonshire Trust (collectively Fidelity) brought a complaint against a former employee, Patricia Ostrander. The complaint, later amended, arose as a result of an investment that Ostrander made for herself while she was employed as a portfolio manager for certain mutual funds and trust accounts at Fidelity. The amended complaint sought an order to compel Ostrander to disgorge her profits from that transaction. The counts in the amended complaint were as follows: count…
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