The Delaware Court of Chancery, in Leased Access Preservation Association v. Ivan Thomas, et al., C.A. No. 2019-0310-KSJM, Order (Del. Ch. Jan. 8, 2020), found that receipt of a contract, and not the opportunity to bid on a contract, was the corporate opportunity relevant to a usurpation claim where a corporation and one of its directors were the only bidders.

Chauna Abner discusses the decision in Chancery Addresses Usurpation of Corporate Opportunity.