Libco Corp. v. Roland

The main issues in this case are: (1) whether the conduct of an official of a Delaware corporation, doing business in Illinois, in transacting business on behalf of that corporation with a corporation in which he held the majority interest constituted a breach of the official’s duty to the first corporation; (2) if so, what was the measure of damages obtainable by the first corporation against the official; and (3) whether, because the corporation claiming to be damaged was organized under the laws of Delaware, the law of that State providing for the award of prejudgment interest would be…