Chelsea Industries, Inc. V. Gaffney Case Study

178 Words1 Page

In the case of Chelsea Industries, Inc. v Gaffney there was a name that goes by the name Lawrence Gaffney who was the president and general manager of Ideal Tape Company (Ideal). This company was engaged in the business of manufacturing pressure-sensitive tape while being a subsidiary of Chelsea Industries, Inc. (Chelsea). Gaffney along with three other ideal executives he recruited decide to open a competing manufacturing company using their positions at Ideal to gather ideas, get customers, and equipment while Chelsea had no idea of their intentions. Chelsea decided to sue them for the damages. I believe that Chelsea would win this case and also be awarded for the damages. Simply put, an officer of a corporation cannot and should not

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