DeNune v. Consolidated Capital of North America, Inc.

How courts have described this case

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

• holding that under Ohio law officers and directors of an insolvent corporation owe a fiduciary duty to the corporation's creditors not to waste corporate assets and citing for this proposition Thomas v. Matthews, 94 Ohio St. 32, 47, 113 N.E. 669 (1916
• holding that under Ohio law officers and directors of an insolvent corporation owe a fiduciary duty to the corporation’s creditors not to waste corporate assets and citing for this proposition Thomas v. Matthews, 94 Ohio St. 32, 47, 113 N.E. 669 (1916
• construing “debtor” to include officers and directors of parent company who controlled the debtor
• an officer’s fiduciary duty to creditors arises when a corporation becomes insolvent or is on the brink of insolvency
• “Defendants are entitled to raise the res judicata issue in this motion to dismiss.”

Source: CourtListener parenthetical corpus (CC0).