The company was developing virtual reality technology to be used as therapy in a hospital setting until the project was allegedly stopped abruptly.
February 07, 2022 at 02:49 PM
3 minute read
One director of a defunct tech company has sued the other, claiming the latter used company funds to further projects of his own before shutting the company down without warning.
It’s not the most common setup for a breach of fiduciary duty case in the Court of Chancery, with Fernando Cwilich Gil, president and CEO of California headquartered Ruse Laboratories Corp., both filing derivatively and taking action against a fellow board member and Ruse’s secretary, Benjamin Paul Gleitzman.
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Delaware Court of Chancery on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons
