Thorpe by Castleman v. Cerbco, Inc.

How courts have described this case

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

• permitting damages incidental to defendants’ breach of their duty of loyalty
• “The strict imposition of penalties [for breach of fiduciary duty of loyalty] under Delaware law are designed to discourage disloyalty.”
• “Because the alternative transaction would have been covered by [DGCL] § 271, the Eriksons had the statutory right as [controlling] shareholders to veto this transaction.”
• “If INA considered none of the CERBCO transactions to be an acceptable substitute to the INA-Erikson transaction, then the opportunity was never really available to CERBCO.”
• 68% sale effecting \radical transformation\ of corporation’s business triggers § 271

Source: CourtListener parenthetical corpus (CC0).