Protech Services, Inc. v. Gillette CA3
Protech Services, Inc., sued its former chief financial officer (CFO) James Gillette, in both his individual capacity and as trustee of a family trust that had invested in Protech. The lawsuit made various claims, including breach of fiduciary duty, breach of loyalty, fraud and concealment, and conversion. Protech alleged Gillette deliberately reduced cash receipts and profits, embezzled money, overstated business expenses, and misrepresented Protech’s financial position to the Board of Directors in a plan to take over the company.
Comments on Protech Services, Inc. v. Gillette CA3