Health Care Exec Fired For Disloyalty Owes $2.7M: Chancery

Law360 (February 26, 2019, 5:46 PM EST) -- The Delaware Chancery Court ruled Monday that a former president of a home health care provider owes the company $2.7 million and was properly removed for disloyalty after buying a building that the business was eyeing.

Chancellor Andre G. Bouchard ruled that Personal Touch Holding Corp. co-founder and former President Felix Glaubach owed about $2.7 million and was properly terminated after he usurped a corporate opportunity by secretly buying — and then trying to lease back to the provider — a building in Queens, New York, that Personal Touch had been eyeing for years as part of a planned expansion in...

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