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NACEPF v. Gheewalla (Del. 2007)

The decision addresses, and you should look out for, two related but separate questions:

1. Who has standing to assert a fiduciary duty claim?
2. Whom is the fiduciary duty owed to, i.e., whose interests does it protect?

How might the answer to the second question have made a difference in this case? Whose interests were conflicting, and how, if at all, could the courts have adjudicated this conflict?