PA Verdict Enacts Entire Fairness Standard for First Time
Written By: Ali Audi | October 28, 2014 | No Comments
On September 16, 2014, a Philadelphia court ruled that the majority shareholders of the recently-sold enterprise, Floorgraphics Inc. acted in their financial interests and, as such, breached the fundamental fiduciary duties owed to the minority shareholders. About The Case As the case of Potok v. Rebh progressed, Philadelphia Court of Common Pleas Judge Albert J.…