Opinion ID: 2831977
Heading Depth: 2
Heading Rank: 3

Heading: Claim XI

Text: Claim XI is a direct claim alleging “violations of the Bylaws, Compensation Committee Charter and 2006 LTIP.” Appellant’s Br. at 25–26. Under Delaware law, “[d]irectors of a corporation . . . are not parties to a contract simply because the corporation is a party to the contract.” Ruggiero v. FuturaGene, plc., 948 A.2d 1124, 1132 (Del. Ch. 2008). “Delaware law clearly holds that officers of a corporation are not liable on corporate contracts as long as they do not purport to bind themselves individually.”13 Id. (internal quotation marks and citation omitted). 13 The cases cited by Appellant are unavailing. In Sanders v. Wang, No. 16640, 1999 Del. Ch. LEXIS 203, at  (Del. Ch. Nov. 8, 1999) the Delaware Chancery Court 11 As the District Court correctly stated, Appellant did not plead, and there is no evidence demonstrating, that the Individual Directors purported to bind themselves individually with regard to the LTIP. Because of this, summary judgment was correctly granted to the Individual Directors and QualComm, Inc. as to this claim.