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

January 26, 2022
Strafford Live Webinar

Restructuring & Finance Litigation co-chair Stephen B. Selbst and partner Steven B. Smith presented a CLE webinar titled, "Chapter 11 and Independent Directors: Maximizing Recovery; Challenging Conflicts; Defending Director Integrity."

The pair, joined by fellow attorney Arthur J. Steinberg, 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.