The attorneys at Gentry Locke know the unique aspects of Virginia corporate law because we have been part of the development of Virginia law governing director conduct. Unlike Delaware, where the standards of director conduct are almost entirely a creature of the common law, Virginia has codified its standards for director conduct into Virginia Code § 13.1-690.
Gentry Locke attorneys recognize, defend and apply these distinctions of law applicable to Virginia corporate directors and officers. Among the cases we have handled in this area are Gross v. Weingarten 217 F.3d 208 (4th Cir. 2000); Weingarten v. Gross 264 Va. 243, 563 S.E.2d 771 (2002), and Willard v. Moneta Building Supply, Inc.
Gentry Locke has a long history of representing members of management, both directors and officers, in defending claims by shareholders and other third parties. Our clients are respected members of the financial services industry, insurance industry, construction industry, and of privately held companies. Such claims can include:
- Breach of fiduciary duty claims
- Securities claims
- Claims of violations of various statutory requirements
- Conflict of interest
- Sale of corporate assets or stock
- Corporate mismanagement claims