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Director Fiduciary Duty and Liability After a Leveraged Buyout
Bill Siegel explains In re nine West LBO Securities Litigation and the proposition that liability may attach to the company’s old board of directors even though they are not members of the new board and were not involved in any of the alleged misconduct.
Beware – Innocent Directors Found Responsible for Single Director’s Fraud
Bill Siegel looks at the In re Cyber Litigation and whether a Controlling Director's intent to defraud can be imputed to the Innocent Directors of a company's Board of Directors.
