Quimbee logo
DMCA.com Protection Status
  • H
  • HMG/Courtland Properties, Inc. v. GrayHMG/Courtland Properties, Inc. v. Gray
From our private database of 16,800+ case briefs...

HMG/Courtland Properties, Inc. v. Gray

Delaware Chancery Court
749 A.2d 94 (1999)


Lee Gray and Norman Fieber (defendants) were two of five directors of HMG/Courtland Properties, Inc. (HMG) (plaintiff), a company that bought and sold commercial real estate. Gray was a negotiator for HMG deals and negotiated the sale of HMG real estate to NAF Associates (NAF). Fieber, who owned an interest in NAF, disclosed this interest to HMG’s other directors and abstained from voting on the proposed sale to NAF. Gray, through relatives and other businesses he owned, also owned an interest in NAF. However, Gray did not disclose his interest in NAF to the other HMG directors. Gray voted to approve the sale to NAF. Further, Fieber knew of Gray’s interest in NAF but did not disclose Gray’s interest to the other HMG directors. HMG sued Gray and Fieber for breach of their fiduciary duties of loyalty and care and for defrauding HMG.

Rule of Law


Holding and Reasoning (Strine, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 449,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 449,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 16,800 briefs, keyed to 224 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial