21Dec
Warning to Directors of Selling Companies: Breach of Fiduciary Duty Liability May Exist for Failure to Investigate and Ensure Solvency of Company Post-Closing and Propriety and Effect of All Related Transactions (But You Can Protect Yourself)
A recent ruling from the United States District Court for the Southern District of New York sent shock waves through the legal and financial community, with some shouting that this “could be a gamestopper for the private equity business.” Although the ruling in In re Nine West LBO Securities Litigation breaks new ground and arguably narrows the protections available to directors under the normally-broad business judgment rule, there are clear lessons others can take from this saga to prevent a...
By:
Weil, Gotshal & Manges LLP
Related
What rights do employees of tenants or other occupants of office buildings have to bring service ani...
Read More >
In Thio Keng Thay v Sandy Island Pte Ltd [2019] SGHC 175 the High Court of Singapore confirmed that ...
Read More >
As Hurricane Dorian, the first hurricane of the 2019 Atlantic season, bears down on Florida, the app...
Read More >
In both the Commonwealth and New England — and, indeed, the country — these are exciting times for...
Read More >
This update provides an overview of key regulatory developments in the past three months relevant to...
Read More >
In the first two weeks of Iowa’s 2021 legislative session, multiple bills pertinent to the construc...
Read More >