The Delaware Court of Chancery, in Simon Ogus v. SportTechie, Inc., et al., C.A. No. 2018-0869-AGB, memo. op. (Del. Ch. Jan. 31, 2020), declines to dismiss claims alleging that majority owners of a company plaintiff founded breached fiduciary duties by conspiring to terminate his employment and ownership, and that a venture capital investor aided and abetted the breaches.
NEW: K&L Gates discusses the decision in Chancery Court Finds Plaintiff’s Claims of Fraud, Breach of Fiduciary Duty, and Related Claims, pass Muster Under 12(B)(6).
Morris James discusses the decision in Co-Founder Squeezed Out in Conversion from LLC to Corporation Adequately Pled Claims for Fraud, Breach of Fiduciary Duties, Aiding and Abetting, and Civil Conspiracy.
Richards, Layton, & Finger discusses the decision in Ousted Founder Brings Claims Against Corporate Insiders.
Bloomberg Law discusses the decision in SporTechie Co-Founder May Proceed on Some Claims Over Ouster.