The Delaware Court of Chancery has ruled an employee of radio station Kiss 101.7 breached the fiduciary duty of loyalty by allegedly diverting roughly $701,686 from the station to his consulting business by charging promoters to add songs to the station’s playlist. The radio executive, Anthony J. Quartarone, has denied the charges.
“It is clear from the record that Quartarone was not providing consulting services through [his consulting business] but was instead diverting to himself revenues generated using station assets,” said Vice Chancellor Sam Glasscock III in QC Communications v. Quartarone.
