Incredible monetary losses for public companies in the current financial downturn have again raised questions about the scope of a director’s liability for such failures. Coupled with claims for breach of federal and state securities laws, individual and class-action complaints already filed challenge the proper exercise of a director’s fiduciary duties when faced with investments in complex financial instruments whose diminished value may have been affected by newer accounting (i.e., mark-to-market) and SEC rules (i.e., eliminating the uptick rule and permitting naked short sales) for public companies.
We are the go-to Florida law firm providing businesses and individual clients with representation in complex legal matters.
Signup today for growth strategies and news.
396 Alhambra Circle
North Tower, 14th Floor
Miami, Florida 33134
West Palm Beach
One Clearlake Centre, Suite 1504
250 Australian Avenue South
West Palm Beach, Florida 33401