Gentile v. SinglePoint Financial, Inc.

OPINION

LAMB, Vice Chancellor.

I.Introduction

John A. Gentile brought this action under § 145(k) of the Delaware General Corporation Law 1 (“DGCL”) seeking advancement of reasonable attorney’s fees, costs, and litigation expenses from SinglePoint Financial, Inc., a Delaware corporation. 2 Gentile, a former officer and director of SinglePoint, claims that he is entitled to mandatory advancement under Single-Point’s bylaws in connection with several related matters; first a “corporate investigation” concerning his conduct as an officer and director, and second, certain lawsuits initiated by him to…