Who makes decisions for distressed corporations? Increasingly, the answer is a new player in Chapter 11: “independent directors.” These independent directors are usually restructuring experts who join the boards of financially distressed firms and who are often then delegated key bankruptcy decisions. Independent directors have played a major role in many high-profile recent Chapter 11 cases, including Neiman Marcus, Payless Holdings, Nine West and many others. In this program, we will discuss the role that independent directors play in large Chapter 11 cases including, most controversially, settling self-dealing claims against the shareholders who appointed them.
Professor Jared Ellias, UC Hastings College of the Law
4:00 p.m.- 5:00 p.m.
As a result of the COVID-19 pandemic the program will be held by Zoom video conference. Invitations with the webinar information will be included in your registration receipt.
FLC members: $40
Government employees: $0
*Please pay upon registering with a credit card. We are not accepting checks at this time.
This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California in the amount of 1 hour. The Financial Lawyers Conference certifies that this activity conforms to the standards for approved educational activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education.
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