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Home / Opinion Digests / Business Law / Software Company Director Breached Loyalty Duty (access required)

Software Company Director Breached Loyalty Duty (access required)

Although defendant, director of a Moldavan LLC that sold software products in the U.S. and around the world, claimed he restructured the company and sought new distributor arrangements to benefit the company, an Alexandria U.S. District Court says the director breached a fiduciary duty of loyalty when he organized a separate corporation under Virginia law ...

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