Try our Advanced Search for more refined results

Expert Analysis

Gheewalla's Impact On Breach Of Fiduciary Duty

Law360 (June 19, 2007, 12:00 AM EDT) -- On May 18, 2007, the Delaware Supreme Court issued an important ruling addressing the fiduciary duties owed by directors of a corporation that is insolvent or in the "zone of insolvency." (North American Catholic Educational Programming Foundation, Inc. v. Gheewalla et al. Appeal No. 521, 2006 from the Court of Chancery). The Court held that "creditors of a Delaware corporation that is either insolvent or in the zone of insolvency have no right, as a matter of law, to assert direct claims for breach of fiduciary duty against its directors."...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!