Passthrough Finance Techniques Corner

Frost, Steven
May 2009
Journal of Passthrough Entities;May/Jun2009, Vol. 12 Issue 3, p19
Academic Journal
A court case is presented wherein the defendant Howard Hillman, chairman, chief executive officer and president of Auto-Trol Technology Corp. defends himself against charges of acting in bad faith levelled against him by his fellow trustees. It is stated that the Delaware Chancery Court examined the case and concluded that Hillman did act in bad faith and addressed remedies for these breaches of duty. It is concluded that the court's verdict is useful to understand the entire fairness doctrine.


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