In Great American Food Chain, Inc. v. Andreottola, a corporate officer and director negotiated and accepted employment with a competitor while still employed with his prior employer. No. 3:14-CV-1727-BK, 2016 U.S. Dist. LEXIS 27658 (N.D. Tex. March 4, 2016). After the officer terminated his employment, the prior employer sued
Officer
An Officer Has A Fiduciary Duty Of Full Disclosure To The Company Regarding The Negotiation Of A Separation Agreement
By David Fowler Johnson on
Posted in Cases Decided, Texas Court of Appeals
In Ginn v. NCI Building Systems, an officer of a company negotiated a separation contract with the company regarding his forced resignation. No. 01-12-00502-CV, 2015 Tex. App. LEXIS 8531 (Tex. App.—Houston [1st Dist.] August 13, 2005, no pet.). The company later sued the officer for breach of fiduciary duty…