Free
Message: Just a guess

I would agree except they would have a fiduciary responsibilty to both the corporation and shareholders.  I would think it hard to make that argument in this situation. This other company was started a year ago way before the Chapter 7.  FF knew EDIG needed money and had responsiblity to not give it away.  The new BODs are potentially equally culpable.

Share
New Message
Please login to post a reply