வழக்கு நம்பிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from வழக்கு நம்பிக்கை. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In வழக்கு நம்பிக்கை Today - Breaking & Trending Today

Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company


For decades, authorities and experts have tried restricting excessive borrowing by private equity investors, since it’s been repeatedly shown that they leave lots of bankruptcies in their wake. And these abuses continue because private equity looting fee structures result in general partners making out handsomely whether or not the business does well. In 1987 (no typo), the Treasury proposed limiting the deduction of interest on highly leveraged transactions. That idea went by the wayside thanks to the 1987 crash. Other proposals to restrict debt levels have similarly not gone anywhere. Yet now an important ruling looks set to deliver where regulators and legislators have failed. ....

New York , United States , Williams Cohan , Stuart Weitzman , Kurt Geiger , Duff Phelps , Quinn Emanuel , Jed Rakoff , Equity Party Might Be , Jones Group , Harvard Law School Forum On Corporate Governance , New York Times , Jones Company , Jones Day , Nine West , Merger Agreement , Litigation Trust , Judge Rakoff , Litigation Trustee , Securities Watch , Harvard Law School Forum , Corporate Governance , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , வில்லியம்ஸ் கோஹன் , ஸ்டூவர்ட் வெய்ட்ஸ்மேன் ,

Warning to Directors of Selling Companies: Breach of Fiduciary Duty Liability May Exist for Failure to Investigate and Ensure Solvency of Company Post-Closing and Propriety and Effect of All Related Transactions (But You Can Protect Yourself) | Weil, Gotshal & Manges LLP


To embed, copy and paste the code into your website or blog:
A recent ruling from the United States District Court for the Southern District of New York sent shock waves through the legal and financial community, with some shouting that this “could be a gamestopper for the private equity business.”
1 Although the ruling in
In re Nine West LBO Securities Litigation
2 breaks new ground and arguably narrows the protections available to directors under the normally-broad business judgment rule, there are clear lessons others can take from this saga to prevent a similar fate.
The headline issue that has people up in arms is the court’s holding that directors of a selling corporation may lose the benefit of the business judgment rule and be held liable, under a breach of fiduciary duty theory, for not undertaking a reasonable investigation into the company’s post-sale solvency and the propriety and effect of any contemplated post-closing transactions that co ....

New York , United States , Stuart Weitzman , Kurt Geiger , Jones Group , Board Of The Jones Group , United States District Court , Southern District , Nine West , Additional Debt Transactions , Carveout Transaction , Litigation Trustee , Additional Debt , Additional Debt Transaction , Carve Out Transactions , Private Equity , Litigation Trust , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஸ்டூவர்ட் வெய்ட்ஸ்மேன் , கர்ட் கைகர் , ஜோன்ஸ் குழு , பலகை ஆஃப் தி ஜோன்ஸ் குழு , ஒன்றுபட்டது மாநிலங்களில் மாவட்டம் நீதிமன்றம் , தெற்கு மாவட்டம் , ஒன்பது மேற்கு ,