Directors & Officers Liability
The Firm has successfully litigated claims resulting from the improper action of directors and officers, and other professionals in the discharge of their duties arising from or related to corporate bankruptcy. Representative matters include:
- Camrose Technologies bankruptcy case brought against a minority controlling shareholder was alleged to have diverted business opportunities and transferred financial resources.
- Hale-Halsell Company brought against certain of its Directors and Officers. The case was concluded with a significant settlement for the benefit of creditors.
Such claims do not exist in every Bankruptcy Case, but it is important to understand the governing precepts of claim recoveries of this nature under the Bankruptcy Code and corporate law, with an ability to evaluate the merits of a claim, before commitment of substantial resources in its prosecution. In connection with the Camrose and Hale-Halsell matters, the Firm was authorized by the Bankruptcy Court to commence such recovery actions for the benefit of the Estate and its Creditors.
