Cumberland Farms, Inc. v. Haseotes (In Re Cumberland Farms, Inc.)

How courts have described this case

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

• a director violated his fiduciary duty by purchasing creditors’ claims against his corporation, placing himself in a potential conflict of interest
• director’s suggestion some months earlier that the corporation might want to purchase the claims of certain creditors against the corporation did not obviate the director’s duty to bring specific purchase proposals to the corporation’s attention

Source: CourtListener parenthetical corpus (CC0).