Corporate court battle ends quietly

Trial Notebook

By Steven P. Garmisa

Hoey & Farina

Posted August 8, 2019 2:53 PM

Delaware law controlled on Counts 2 and 3 of the lawsuit shareholders in Ditto Holdings Inc. filed against three of the corporation’s directors in Chicago for alleged waste of corporate assets (which the Delaware Supreme Court limits to “an exchange of corporate assets for consideration so disproportionately small as to lie beyond the range at which any reasonable person might be willing to trade”) and breach of fiduciary duty (which required proof of a knowing, bad faith breach, because Ditto’s …

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