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June 04, 2007 | National Law Journal

Ruling makes bankruptcy suits harder

A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions taken just before they file for bankruptcy � the so-called "zone of insolvency" � such as increasing the company's debt or signing major contracts with creditors.
6 minute read
June 12, 2007 | Corporate Counsel

Ruling Makes Bankruptcy Suits Harder

A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions they take just before they file for bankruptcy, such as increasing the company's debt or signing major contracts with creditors. The court ruled in May that creditors of a Delaware corporation that is insolvent or in the "zone of insolvency" have no right to assert direct claims for breach of fiduciary duty against its directors.
6 minute read
September 15, 2003 | National Law Journal

Civil Actions

4 minute read
May 25, 2009 | National Law Journal

Civil Actions

The following cases were recently filed in the local district courts.
3 minute read
June 04, 2009 | New York Law Journal

Bridgeport and Port Jefferson Steamboat Co., plaintiffs-appellees v. Bridgeport Port Authority, defendant-appellant

Port Authority's Ferry 'Passenger Fee' Violates Commerce Clause, Tonnage Clause
24 minute read
June 12, 2007 | Law.com

Ruling Makes Bankruptcy Suits Harder

A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions they take just before they file for bankruptcy, such as increasing the company's debt or signing major contracts with creditors. The court ruled in May that creditors of a Delaware corporation that is insolvent or in the "zone of insolvency" have no right to assert direct claims for breach of fiduciary duty against its directors.
6 minute read
June 06, 2007 | Daily Report Online

Ruling makes bankruptcy suits harder

6 minute read

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