Please ensure Javascript is enabled for purposes of website accessibility
Home / Opinion Digests / Claims against former directors, officers narrowed (access required)

Claims against former directors, officers narrowed (access required)

Where the court previously approved debtor-in-possession, or DIP, financing at the start of a bankruptcy proceeding, that decision forecloses a breach of fiduciary claim against the former officers and directors for their decision to take on DIP financing. However claims arising out of prepetition bonus payments and payments of advisory fees will proceed to trial, ...