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seansam seansam
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6 years ago
Duty of Loyalty. Mackinac Cellular Corp offered to sell Robert Broz a license to operate a cellular phone system in Michigan. Broz was a director of Cellular Information Systems, Inc (CIS). CIS, as a result of bankruptcy proceedings, was in the process of selling its cellular holdings. Broz did not formally present the opportunity to the CIS board, but he told some of the firm's officers and directors, who replied that CIS was not interested. At the time, PriCellular, Inc, a firm that wanted the Michigan license, was attempting to buy CIS. Without telling PriCellular, Broz bought the license himself. After PriCellular took over CIS, the company filed a suit in a Delaware state court against Broz, alleging that he had usurped a corporate opportunity. Has Broz done anything wrong? Discuss.
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kvilla5kvilla5
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6 years ago
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seansam Author
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6 years ago
Good timing, thanks!
zbmallo3
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This site is awesome
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