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Fifth Circuit Insulates Ds&Os for Authorizing Prebankruptcy Dividends and Bonuses

To avoid dismissal, a complaint must allege each officer’s acts that breached fiduciary duty.

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Opinion Link

Case Details

Case Citation

Tow v. Bulmahn (In re ATP Oil & Gas Corp.), 17-30077 (5th Cir. Oct. 27, 2017).

Case Name

Tow v. Bulmahn (In re ATP Oil & Gas Corp.), 17-30077

Case Type

Business
Court

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