Document: Deloitte LLP, et al. v. Flanagan, C.A. No. 4125-VCN, Noble, V.C. (Del. Ch. Dec. 29, 2009)

The Court granted summary judgment on plaintiffs’ claims against a former partner of the accounting firm for breach of contract, breach of fiduciary duty, equitable fraud and common law fraud.  The claims were based on the defendant’s trading in securities of certain firm clients in breach of his partnership agreement and fiduciary duties, and then fraudulently misrepresenting his trading activity.