Broz v. Cellular Information Systems, Inc.
Citation
673 A.2d 148 (Del. 1996)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
A corporate opportunity need not be formally presented to all entities with which a fiduciary is associated; the relevant question is whether the opportunity properly belongs to one of those entities under the ALI/Delaware multi-factor test.
Significance
Clarified corporate opportunity doctrine for directors serving multiple companies; applied the four-factor Delaware test for identifying corporate opportunities.