Publications

Director Duties When Serving on a Board

Spring 2005
Private Equity Developments - Spring 2005

Directors are often litigation targets of disgruntled shareholders and creditors. While directors can generally look to insurance policies to avoid personal liability, it is critical for directors to understand the scope of their fiduciary duties. To assist our clients in better understanding these issues we have drafted a guidebook, entitled Bankruptcy Impact on Fiduciary Duties and D&O Liability Insurance: A Practical Guide for Directors, Officers, Creditors, Shareholders and Insurers. If you would like a copy, please contact David Hillman at 212-756-2174. Below is a brief overview of five issues of interest to directors.