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Gagliardi v. TriFoods International, Inc.
Citation:683 A.2d 1049 (1996).
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Gagliardi founded TriFoods, and was terminated from his position at the company. Even after termination, Gagliardi maintained a 13-percent ownership in the company’s stock. Gagliardi disagreed with a series of business decisions made by the corporation following his termination, including the purchasing of a new research facility, allegedly poor company products, and dealings with the corporation’s key suppliers. Gagliardi alleged gross negligence against the corporation‘s board of directors.
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