Officers and Directors: What They Need to Know if Their Companies Slide Toward Insolvency

On April 19, 2016, Fredrikson & Byron presented a program on the current law governing the duties of officers and directors of insolvent companies, whether for profit, public or closely held, and non-profits. Fredrikson’s James L. Baillie, John H. Stout and Sarah M. Olson were joined by Mark Sheffert of Manchester Companies and John Ratelle of Marsh & McLennan Companies to discuss the general fiduciary duties of care and loyalty and then address how the directors and officers should respond if the company’s fortunes begin to erode. A recording of this program can be accessed here.

For more information on the program or the Fredrikson’s Bankruptcy, Restructuring & Workouts practice, please contact Clint Cutler at