Klang v. Smith's Food & Drug Center, Inc. (II)

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November 7, 1997

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5411 Grocery Stores
445110 Supermarkets and Other Grocery Retailers (except Convenience Retailers)
breach of fiduciary duty
breach of fiduciary duty, disclosure, solvency, recapitalization, tender offer
Klang v. Smith's Food & Drug Center, Inc. (II)
702 A.2d 150, 1997 Del. LEXIS 402
US
State Court
Delaware
Supreme Court
Veasey

Summary

Issue is whether directors breached their fiduciary duty of candor by failing to disclose material facts prior to shareholder approval of transactions.

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