Document: Beal Bank, S.S.B. v. WestPoint Int’l, Inc., C.A. No. 2617-CC, Chandler, C. (Del. Ch. May 30, 2007)
The Court denied motions to dismiss for failure to state a claim where the lienholders of a bankrupt corporation alleged breaches of fiduciary duties by the directors, and where the court determined that further development of the record was needed as to what rights were granted to lienholders by the Bankruptcy sale order.