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Practices » Directors & Officers Representation
Officers and directors owe fiduciary duties to corporate shareholders:
- Duty of care
- Duty of loyalty
- Duty of disclosure
- Duty to act in good faith
- Duty to act in a manner reasonably believed to be in the best interest of the shareholder
When a company enters the zone of insolvency this duty shifts from maximizing shareholder value to preservation of existing asset values for future distribution to creditors.
We counsel officers and directors on their responsibilities and decisions during the zone of insolvency and bankruptcy proceedings.
When a breach of fiduciary duty is alleged, we are available to provide advice and represent clients in litigation proceedings.