Document: ATR-KIM ENG Financial Corp. v. Araneta, C.A. No. 489-N, Strine, V.C. (Del. Ch. Dec. 21, 2006)

The Court held that a director and majority stockholder of a holding corporation breached his fiduciary duties to the minority stockholders by transferring assets of the corporation to his family members.  Other directors were held to have breached their fiduciary duties by failing to monitor whether the holding company retained its primary assets.