Charles Guth
(Redirected from Guth v. Loft)
| Guth v. Loft Inc | Guth v. Loft Inc |
|---|---|
 | |
| Court | Delaware Court of Chancery |
| Decided | April 11, 1939 |
| Citation(s) | 5 A.2d 503, 23 Del. Ch. 255 (Del. 1939) |
| Court membership | Court membership |
| Judge(s) sitting | Daniel J. Layton, Richards, Rodney, Speakman, Terry |
| Case opinions | Case opinions |
| Layton | Layton |
| Keywords | Keywords |
| Directors' duties, conflicts of interest | Directors' duties, conflicts of interest |
Guth v. Loft Inc, 5 A.2d 503, 23 Del. Ch. 255 (Del. 1939) is a Delaware corporation law case, important for United States corporate law, on corporate opportunities and the duty of loyalty.
It deviated from the year 1726 rule laid down in Keech v Sandford[1] that a fiduciary should leave open no possibility of conflict of interest between his private dealings and the job he is entrusted to do.
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