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.

23 minute read November 22, 2011 at 01:05 PM
By
Thomas R. Fawkes And Wendy E. Morris
Third Circuit Revives Committee's Deepening Insolvency and Breach of Fiduciary Duty Claims

In a recent opinion issued in the Chapter 11 case of In re Lemington Home for the Aged, — F.3d –, 2011 WL 4375676 (3d Cir.

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