In a recent decision, Metro Storage International, v. Harron, C.A. No. 2018-0937-JTL (Del. Ch. May 4, 2022), the Delaware Court of Chancery made clear that executives who engage in double dealing will pay a high price for their bad acts.

Background

James Harron was hired as the president of Metro Storage International, LLC (Metro) in 2012.  At the time, Metro was a newly formed, privately held entity created to establish a self-storage business in Brazil. At the time he joined Metro, he was an independent consultant with clients of his own and he agreed that he would conclude those engagements within six months.

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