Law360, New York (April 17, 2009, 12:00 AM ET) -- The deteriorating economic conditions threaten to lead to an unprecedented wave of corporate bankruptcy filings. The financial press is predicting that American companies are poised to default on a record number of corporate bonds and bank loans over the next two years.
And new regulators in Washington, like Mary Schapiro the new chairman of the U.S. Securities & Exchange Commission, have made it clear that they will be increasing scrutiny at the top levels of corporate management and at the board level in order to determine...
Is Your D&O Policy Bankruptcy-Ready?
To view the full article, take a free trial now.
