Opinion · Supreme Court of Delaware
Trenwick America Litigation Trust v. Billett
931 A.2d 438
- Type
- Opinion
- Court
- Supreme Court of Delaware
- Jurisdiction
- Delaware
- Date
- 2007-08-14
- Topic
- litigation
finding that “statements of expectation or opinion about the future of the company and the hoped for results of business strategies . . . are generally not actionable under Delaware law” | noting that the relevant factors include “the time, place, and contents of the false representations; the facts misrepresented; the identity of the person(s) making the misrepresentation; and what that person(s) gained from making the misrepresentation” | affirming Trenwick Am. Litig. Trust v. Ernst & Young, L.L.P., 906 A.2d 168 (Del. Ch. 2006) | "Wholly-owned subsidiary corporations are expected to operate for the benefit of their parent corporations; that is why they are created. Parent corporations do not owe such subsidiaries fiduciary duties."
Citator
- Cited by
- 34 opinions
TRENWICK AMERICA LITIGATION TRUST
v.
BILLETT.
No. 495, 2006.
The Delaware Supreme Court.
August 14, 2007.Decision without published opinion. AFFIRMED.