In the case of George Durgin v. Andatee China Marine Fuel Services Corporation, et al., C.A. No. 7074 (Del. Ch. 2011), the shareholders of Andatee China Marine Fuel Services Corporation (“Andatee”) filed a class action complaint to enjoin the going private takeover of Andatee by the Company’s Chief Executive Officer and majority shareholder, An Fengbin. For a copy of the verified complaint, click here. The counts alleged are: (i) breach of fiduciary duties against all individual defendants; (ii) breach of fiduciary duty against the majority shareholder, An Fengbin; and (iii) aiding and abetting against Andatee.
