Gladstone v. Bennett (1959)
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· 26 citation events
across 8 courts.
Showing the 14 strongest citers on record
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U.S. Bank National Association v. Verizon Communic (2014)
Gladstone v. Bennett, 153 A.2d 577, 582 (Del. 1959); see also Bailes v. Colonial Press, Inc., 444 F.2d 1241, 1244 (5th Cir. 1971) (“[P]romoters of a corporation stand in a fiduciary relation to the corporation, charged with the duty of good faith as in cases of other trusts.
Gladstone v. Bennett, 153 A.2d 577, 582 (Del.1959); see also Bailes v. Colonial Press, Inc., 444 F.2d 1241, 1244 (5th Cir.1971) (“[Promoters of a corporation stand in a fiduciary relation to the corporation, charged with the duty of good faith as in cases of other trusts.
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Geller v. Tabas (1983)
Braun v. Fleming-Hall Tobacco, Del.Supr., 92 A.2d 302, 309 (1952); Gladstone v. Bennett, Del.Supr., 153 A.2d 577, 583 (1959); Krinsky v. Helfand, Del.Supr., 156 A.2d 90, 95 (1959).
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In Re Verizon Insurance Coverage Appeals (2019)
Instead, they include a variety of claims when “one person reposes special trust in another” or when “a special duty exists on the part of one person to protect the interests of another.”52 In other words, fiduciary duty claims do not depend on a 50 Id. at 1657-75. 51 Promoter liability stems from the “fiduciary relationship between the promoters of a corporation and the corporation itself.” Gladstone v. Bennett, 153 A.2d 577, 582 (Del. 1959). 52 Wal-Mart Stores, Inc. v. AIG…
“There is, of course, a fiduciary relationship between the promoters of a corporation and the corporation itself.” Gladstone v. Bennett, 153 A.2d 577, 582 (Del.1959).
Those who undertake to form a new corporation, to procure for it the capital through which it may carry out the purpose or purposes for which it was formed, are necessarily charged with the duty to act in good faith in dealing with it.” See Gladstone v. Bennett, 38 Del.Ch. 391, 398 , 153 A.2d 577, 582 (Del.1959); see also San Juan Uranium Corp. v. Wolfe, 241 F.2d 121, 123 (10th Cir.1957).
When promoters engage in self-dealing vis-a-vis the corporation, “they will not be permitted to benefit by any secret profit which they may receive at the expense of the corporation or of its members.” Gladstone v. Bennett, 153 A.2d 577, 582 (Del.1959); see also Whaler Motor Inn, Inc. v. Parsons, 372 Mass. 620 , 363 N.E.2d 493, 497 (1977); Hays, 181 N.E. at 768 ; Keith v. Radway, 220 Mass. 532 , 108 N.E. 498 , 499 (1915).
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Cohn v. Nelson (2005)
See, e.g., Polk, 507 A.2d at 536 ; Neponsit, 405 A.2d at 100 ; Gladstone v. Bennett, 153 A.2d 577, 583 (Del.1959).
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Neponsit Investment Co. v. Abramson (1979)
If, in the light of these matters, the court approves the settlement as reasonable through the exercise of sound business judgment, its function as the so-called third party to the settlement has been discharged.” See also Krinsky v. Helfand, Del.Supr., 156 A.2d 90, 94 (1959); Gladstone v. Bennett, Del.Supr., 153 A.2d 577, 583 (1959); Braun v. Fleming-Hall Tobacco Co., Del.Supr., 92 A.2d 302, 309-310 (1952); Perrine v. Pennroad Corporation, Del.Supr., 47 A.2d 479, 487-488 (1…
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In Re Parmalat Securities Litigation (2010)
Accord, Gladstone v. Bennett, 38 Del.Ch. 391, 398-99 , 153 A.2d 577, 582 (1959); Bovay v. H.M.
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Fins v. Pearlman (1980)
See Gladstone v. Bennett, Del.Supr., 153 A.2d 577, 583 (1959).
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Rutman v. Kaminsky (1967)
See Gladstone v. Bennett, 38 Del.Ch. 391 , 153 A.2d 577 (1959) ; Rome v. Archer, 41 Del.Ch. 404 , 197 A.2d 49 (1964).
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Rome v. Archer (1964)
See also Gladstone v. Bennett, 38 Del.Ch. 391 , 153 A.2d 577 (Del.Supreme Ct., 1959).
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Rome v. Archer (1964)
See also Gladstone v. Bennett, 38 Del.Ch. 391 , 153 A.2d 577 (DelSupreme Ct., 1959).