Reorganization And D&O: Not Always Business As Usual

Law360, New York (March 14, 2012, 1:50 PM EDT) -- Advisers to financially distressed companies and those companies’ boards must be mindful of the impact that restructuring may have on the company’s existing directors and officers, or D&O, insurance policy.

From the company’s perspective, assuring directors and officers that they will be protected appropriately throughout and after the reorganization process is essential to retaining the individuals who will approve, and oversee implementation of, the company’s plan to maximize the value of the enterprise.

The primary goal of this article is to explore best practices for preserving...
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