Sargon Enterprises v. University of Southern California
The California Court of Appeals, 2nd District, reversed a trial court’s decision to exclude lost profits evidence.
Fledgling Business’s Lost Profits Recoverable From Nonprofit Tax-Exempt Entity
The California Court of Appeal, 2nd District, reversed a trial court’s decision to exclude lost profits evidence.
Trustee Charges Directors, Financial Advisors, Others in Failed LBO
In this action, the Chapter 7 bankruptcy trustee brings the complaint against "65 defendants and the entire class of selling stockholders, virtually anyone who had anything to do with the LBO … defendants are the buyer, financing banks, debenture holders, directors, officers, controlling shareholders, financial advisors, lawyers and accountants."
Healthco International v. Hicks, Muse & Co.
At issue are the fiduciary obligations of directors and controlling shareholders, breach of contract, negligence, gross negligence and bad faith.