California Court of Appeal Rejects Special Fiduciary Duty Standard for Directors of Insolvent Corporation | Practical Law

California Court of Appeal Rejects Special Fiduciary Duty Standard for Directors of Insolvent Corporation | Practical Law

An update on a California Court of Appeal decision limiting the scope of the duties that boards of directors of insolvent California corporations owe to creditors.

California Court of Appeal Rejects Special Fiduciary Duty Standard for Directors of Insolvent Corporation

by PLC Corporate & Securities and PLC Finance
Published on 12 Nov 2009 • California
An update on a California Court of Appeal decision limiting the scope of the duties that boards of directors of insolvent California corporations owe to creditors.