Documents: North American Catholic Educational Programming v. Gheewalla, C.A. No. 521, 2006, Holland, J. (Del. May 18, 2007)

The Delaware Supreme Court, affirming the Court of Chancery, dismissed a fiduciary duty claim by creditors of a Delaware corporation that was approaching insolvency, and held that creditors of the corporation could not bring direct claims against directors for breaches of fiduciary duties.