Bancroft-Whitney Co. v. Glen

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that while officers and directors stand in a fiduciary relation to the corporation, they are “technically not trustees”
• stating that corporate officers and directors are “technically not trustees,” and referring to agency law in analyzing a corporate officer’s duties
• finding that where evidence indicated that Company’s president was aware of or ratified breach of fiduciary duty by employee of competitor company, and company received benefits of breach, liability would attach to Company and personal liability would attach to its president
• company president’s liability based, in part, on soliciting plaintiff’s employees to work for competitor
• manager breached his fiduciary duty as a matter of law when he “obtain[ed] for a competitor those of plaintiff’s employees whom the competitor could afford to employ and would find useful”
• breach of duty of loyalty found based in part on a consistent course of conduct by employee to obtain for competing business those of his co-workers whom the competitor could afford to employ and would find useful

Source: CourtListener parenthetical corpus (CC0).