Corporate
Apr. 5, 2002
Cram-Downs Present Conflict of Interest for Interested Directors
Focus Column - By Robert Haymer, Eric Zabinski and Erin Chrislock - Can a director be sued personally for approving a "cram-down" financing? Possibly, depending on the facts. Current capital market conditions are very difficult. Cash-starved start-ups are struggling to stay afloat in a sober, post-Nasdaq 5,000 era. Those companies fortunate enough to secure new financing often do so at much lower valuations and under terms unthinkable just two years ago.
Focus Column
By Robert Haymer, Eric Zabinski and Erin Chrislock
Can a director be sued personally for approving a "cram-down" financing? Possibly, depending on the facts.
...
By Robert Haymer, Eric Zabinski and Erin Chrislock
Can a director be sued personally for approving a "cram-down" financing? Possibly, depending on the facts.
...
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