case United States English original

Guth v. Loft, Inc.

Foundational Delaware corporate-opportunity decision requiring a fiduciary to account where an opportunity falls within the corporation's line of business, the corporation has an interest or expectancy, and the fiduciary's appropriation conflicts with duty.

Open source

Use It For

Use this with Regal and Bhullar to compare strict and factor-based approaches to corporate opportunities.

Teaching Notes

The case is a helpful comparator for Article 183 because it asks whether the opportunity is corporate in substance, not merely whether the company had already signed a contract.