In a recent opinion issued in the Chapter 11 case ofIn re Lemington Home for the Aged, — F.3d –, 2011 WL 4375676 (3d Cir. Sept. 21, 2011),
Third Circuit Revives Committee's Deepening Insolvency and Breach of Fiduciary Duty Claims
In a recent opinion issued in the Chapter 11 case of <i>In re Lemington Home for the Aged</i>, the Third Circuit revived claims of breach of fiduciary duty and deepening insolvency against directors and officers of a nonprofit Pennsylvania corporation.
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