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If The Shoe Fits . . . . Defendants In Nine West D&O Litigation Fail To Convince Judge To Dismiss Claims For Breach Of Fiduciary Duty And Recovery Of Fraudulent Transfers - Insolvency/Bankruptcy/Re-structuring

If the Shoe Fits . . . . Defendants in Nine West D&O Litigation Fail to Convince Judge to Dismiss Claims for Breach of Fiduciary Duty and Recovery of Fraudulent Transfers | Kelley Drye & Warren LLP


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A recent decision by Judge Jed Rakoff of the Southern District of New York highlights the risks faced by directors and officers of companies in financial distress who fail to undertake properly their duties to the company and its stakeholders. In mostly denying a motion to dismiss claims brought against former directors and officers of Nine West Holdings and Jones Group, its predecessor company, Judge Rakoff’s opinion highlights the limits of protective legal doctrines such as the business judgment rule, which typically shields from subsequent inquiry corporate decisions made in good faith and with appropriate care, and prophylactic measures such as the delivery of solvency opinions. ....

New York , United States , Gloria Vanderbilt , Anne Klein , Jed Rakoff , Jones Group , Sycamore For Nine West Holdings , Nine West Holding , Nine West Holdings , Judge Jed Rakoff , Southern District , Judge Rakoff , Nine West , Sycamore Partners , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , குளோரியா வாண்டர்பில்ட் , அன்னே க்ளீன் , ஜோன்ஸ் குழு , சைக்காமோர் க்கு ஒன்பது மேற்கு ஹோல்டிங்ஸ் , ஒன்பது மேற்கு வைத்திருத்தல் , ஒன்பது மேற்கு ஹோல்டிங்ஸ் , தெற்கு மாவட்டம் , ஒன்பது மேற்கு , சைக்காமோர் கூட்டாளர்கள் ,