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Corporate – Self-Dealing – Tort/Negligence – Breach of Fiduciary Duty – Release – Defense Costs – Nevada Law (access required)

Islet Sciences, Inc. v. Brighthaven Ventures, LLC (Lawyers Weekly No. 020-015-17, 23 pp.) (Gregory McGuire, J.) 2017 NCBC 4 Holding: Plaintiff has alleged that, knowing their actions could irreparably damage plaintiff and its shareholders, the defendant-directors intentionally (1) took the benefits of reduced payments negotiated with non-party Kissei Pharmaceuticals; (2) diverted to their defendant-LLC “some or ...

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