Massachusetts Lawyers Weekly Article "SJC reinstates $45M bad-faith judgment"

May 09, 2016

Massachusetts Lawyers Weekly

A corporate executive who accepted money from a friend’s charitable foundation to purchase company stock for himself in return for his promise to split the proceeds with the foundation when he sold it, and then repeatedly ignored requests to sell the shares, breached the implied covenant of good faith and fair dealing, the Supreme Judicial Court has ruled.

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