Corporate – Tort/Negligence – Breach of Fiduciary Duty Claim – First Impression – Sole Shareholder – No Duty to Corporation, Officers or Directors – Judicial Estoppel – Prior BankruptcyT-WOL Acquisition Co. v. ECDG South, LLC Since defendant Edmonds was the sole shareholder of the plaintiff-corporation, he owed no fiduciary duty to the corporation or to an individual plaintiff who may have been an officer and director of the corporation.
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Published: May 1, 2012
Time posted: 4:07 pm
Tags: Breach of Fiduciary Duty Claim, Corporate, first impression, judicial estoppel, No Duty to Corporation, Officers or Directors, Prior Bankruptcy, Sole Shareholder, Tort/Negligence