Chapter 11 and Independent Directors: Maximizing Recovery; Challenging Conflicts; Defending Director Integrity

January 11, 2023
Strafford Live Webinar

Restructuring and Finance Litigation co-chair Stephen B. Selbst and partner Steven B. Smith served as faculty for a Strafford Live Webinar CLE course titled "Chapter 11 and Independent Directors: Maximizing Recovery; Challenging Conflicts; Defending Director Integrity."

This course explored the use and effect on creditor options and payouts of companies bringing on new "bankruptcy directors" as they hurdle toward Chapter 11, the impact of bankruptcy or "independent" directors on the integrity of the bankruptcy system, and what creditors and creditors' committees can do if they claim directors are hijacking the process for the benefit of equity holders. Independent directors will need to best position themselves to refute such accusations and efforts.