Is Your D&O Policy Bankruptcy-Ready?

Law360, New York (April 17, 2009, 12:00 AM EDT) -- 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...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.