Norton D. Waltuch v. Conticommodity Services, Inc. And Continental Grain Co.

How courts have described this case

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

• noting “success” under § 145(c) “does not mean moral exoneration” and “[e]scape from an adverse judgment or other detriment, for whatever reason, is determinative.”
• Delaware General Corporations Law Section 145 “must mean that there is no power to indemnify [an officer] if he did not act in good faith.”
• “If a technical defense is deemed ‘vindication’ under Delaware law, it cannot matter why [Defendant] emerged unscathed . . . or whether his success was deserved.”
• “If a technical defense is deemed ‘vindication’ under Delaware law, it cannot matter why [Defendant] emerged unscathed . . . or whether his success was deserved.”
• “Escape from an adverse judgment or other detriment, for whatever reason, is determinative. According to Merritt, the only question a court may ask is what the result was, not why it was.” (citing Merritt–Chapman & Scott Corp. v. Wolfson, 321 A.2d 138 (Del. Super. 1974))

Source: CourtListener parenthetical corpus (CC0).