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New York Court Decision Highlights the Importance of Corporate Guidance for Board Member Protection (NY)

/ Owner - March 15, 2024

A recent New York Appellate Division decision (Cortlandt Street Recovery Corp. v. Bonderman) underscores the significance of retaining experienced corporate counsel to protect both corporations and their board members from potential liability. The court rejected the plaintiff’s attempt to hold various related entities collectively liable for the actions of one, highlighting the complex challenges in navigating potential individual liability.    Read the article…………………………….

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