Corporate Governance in Distressed Situations

This panel will focus on different strategies sponsors are using to retain control (or at least put a stake through) the bankruptcy process. What are the risks to sponsors/litigation issues? The panelists will also discuss fiduciary duties, managing conflicts and retaining separate counsel, the interplay between corporate governance and aggressive sponsor action (e.g., selling or spinning/stripping-off assets), sponsor affiliates purchasing debt in the portfolio company’s capital structure, and 10b-5 compliance, as well as negotiating/litigating with a difficult board. This session also includes a discussion of issues that arise when dealing with a challenging board of directors, especially those where some or all directors have been appointed by a controlling shareholder.

$125.00
Price: $125.00
SKU: 215738
Duration: 
75 mins
Faculty: 
"Michael H. Torkin, Moderator Simpson Thacher & Bartlett LLP Hon. Melanie L. Cyganowski (ret.) Otterbourg P.C. Hon. Robert D. Drain U.S. Bankruptcy Court (S.D.N.Y.) Scott J. Greenberg Gibson, Dunn & Crutcher LLP Marc D. Puntus Centerview Partners LLC Albert J. Togut Togut, Segal & Segal LLP"