Exculpatory Clause Saves Frederick's of Hollywood Directors From Breach of Duty of Care Claim

Business Valuation Update BVLaw
Legal and Court Case Update
January 31, 2000

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breach of fiduciary duty
breach of fiduciary duty
In re Frederick's of Hollywood, Inc. Shareholders Litigation
2000 Del. Ch. LEXIS 19
US
State Court
Delaware
Court of Chancery
Jacobs

Summary

This breach of fiduciary duty case came before the Delaware Court of Chancery on defendants' motion to dismiss.

See Also

In re Frederick's of Hollywood, Inc. Shareholders Litigation

Full Text of Court Cases
January 31, 2000

At issue is breach of fiduciary duties of care and loyalty by failing to obtain the highest available price for shareholders in the sale of Frederick's.