1. Home
  2. Browse Decisions
  3. A.2d
  4. 542 A.2d
  5. 542 A.2d 785 (1987)
 

SIMONS v. COGAN

Civ. A. No. 8890.

542 A.2d 785 (1987)

Louise SIMONS, Plaintiff, v. Marshall S. COGAN, Stephen D. Weinroth, Hansac, Inc. and Knoll International Holding, Inc., formerly known GFI/Knoll International Holding Company, Knoll International, Inc., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: December 2, 1987.

Attorney(s) appearing for the Case

Robert Goldberg of Biggs and Battaglia, Wilmington, and Mitchell A. Kramer, Steven M. Steingard and Larry M. Keller of Mitchell A. Kramer & Associates, Philadelphia, Pa., of counsel, for plaintiff.

Allen M. Terrell, Jr., of Richards, Layton & Finger, Wilmington, and Akin, Gump, Strauss, Hauer & Feld, Dallas, Tex., of Counsel, for defendants.

OPINION

ALLEN, Chancellor.

It has now become firmly fixed in our law that among the duties owed by directors of a Delaware corporation to holders of that corporations' debt instruments, there is no duty of the broad and exacting nature characterized as a fiduciary duty.1 Unlike shareholders, to whom such duties are owed, holders of debt may turn to documents that exhaustively detail the rights and obligations of the issuer, the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases