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
The “Professional Future” law of 5 September 2018 entered fully into force last summer, after publ...
Read More >
Late last year, the Fédération Internationale Des Ingénieurs-Conseils1 ("FIDIC") launched the First ...
Read More >
The OZ Digest is a regular update from the Polsinelli Opportunity Zones team. Our goal is to share e...
Read More >
The new Working Time Act addresses changes in the labor market and in working life. It also responds...
Read More >
Q: When an employee is injured on the job, can we drug test them? A: This is a common question pose...
Read More >
Upsetting what many considered settled precedent, a California Court of Appeal has held that a manda...
Read More >