Bridgeport holdings liquidating trust terms and conditions for online dating site

Case law, particularly the seminal Delaware case , guides directors and officers of companies facing bankruptcy on their fiduciary duties and offers practical steps for directors and officers to shield themselves from liability.Legal battles arise in bankruptcy over whether the proceeds of a D&O policy belong to the estate or the individual directors and officers.

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Directors and officers must head off such claims because a breach of duty by directors and officers can lead to lawsuits against the corporation.In August 2003, with its sources of liquidity and trade credit tightening, the directors hired a restructuring advisor and approved an exit strategy.After the directors decided to proceed with a sale of the company’s assets, one director called upon a long-time acquaintance, the chief executive officer of a competitor, CDW Corporation, to discuss the possibility of a transaction between the two companies.He provides multidisciplinary solutions that draw on his combined experience in corporate restructuring, bankruptcy, governance, and dispute resolution. Hardiman has successfully litigated, arbitrated and settled hundreds of complex insurance coverage claims.He represents and advises corporate and individual policyholders in insurance coverage matters, including CGL claims, D&O insurance, fiduciary liability insurance, E&O insurance, and property insurance issues. Hardiman has extensive experience helping clients secure policy coverage for defense of class actions and product contamination and environmental hazard cases, as well as for governmental actions including antitrust claims and SEC investigations.

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