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Simplexity ruling: potential impact on director and officer liability for pre-petition decisions delaying bankruptcy filings - key takeaways

The United States Bankruptcy Court for the District of Delaware recently issued an opinion that could mean that directors and officers of insolvent entities face liability for damages caused by the failure to timely file for bankruptcy protection.

USA, Delaware, Insolvency & Restructuring, Litigation, DLA Piper, United States bankruptcy court