Delaware Supreme Court rules against creditors’ ability to bring direct breach of fiduciary duty suits against directors of corporations which are insolvent or are in the zone of insolvency

Date

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Location
USA
Firm
White & Case LLP
Tags
USA
Insolvency & Restructuring
Litigation
White & Case LLP
Bankruptcy
Shareholder
Breach of contract
Fiduciary
Board of directors
Accounting
Personal jurisdiction
Standing (law)
Goldman Sachs
Court of Chancery
Delaware Court of Chancery
Delaware Supreme Court
Court of equity