Legal Opinion
Gentile v. Rossette
Supreme Court of Delaware
Decided August 17, 2006No. 573, 2005PublishedCited by 142 opinions
1Opinion of the Court
JACOBS, Justice.
The plaintiffs, who are former minority shareholders of SinglePoint Financial, Inc. (“SinglePoint” or “the company”), appeal from a grant of summary judgment by the Court of Chancery dismissing their claim for breach of fiduciary duty against Single-Point’s former directors and its CEO/controlling stockholder. The claim arises from a self-dealing transaction in which the CEO/controlling stockholder forgave the corporation’s debt to him, in exchange for being issued stock whose value allegedly exceeded the value of the forgiven debt. The transaction, it is claimed, wrongfully…
2Cases cited10 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
- Stroud v. GraceSupreme Court of Delaware · 1992
5 more not listed; retrieve them via the Exa API.
3Cited by142 opinions
- F5 Capital v. PappasCourt of Appeals for the Second Circuit · 2017
- Corwin as Trustee for Beatrice Corwin Living Irrevocable Trust v. British American Tobacco PLCSupreme Court of North Carolina · 2018
- Perry Capital LLC v. MnuchinCourt of Appeals for the D.C. Circuit · 2017
- Feldman v. CutaiaSupreme Court of Delaware · 2008
- El Paso Pipeline GP Company, LLC v. BrinckerhoffSupreme Court of Delaware · 2016
137 more not listed; retrieve them via the Exa API.