Understand the standards of liability for directors and officers and key protections that are available to them.
Mismanagement of a corporation by directors and officers can have a devastating effect on the corporation and its shareholders, employees, and creditors. Attendees of this program will gain a thorough understanding of legal claims that can be asserted against directors and officers of corporate entities and strategies for both prosecuting and defending those claims. The speakers will explain the fiduciary duties that directors and officers owe to the corporation, the standards of liability of directors and officers and key defenses and protections that are available to directors and officers.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview
Fiduciary Duty
- Duty of Care
- Duty of Loyalty
Indemnification and Insurance of Directors and Officers
- Indemnification
- Insurance Policies and Coverage Considerations
State Court Remedies Against Directors and Officers
- Personal Liability
- Liability for Unlawful Dividends and Other Distributions
- Preparing for Litigation
Bankruptcy Court Remedies Against Directors and Officers
- Role of the Trustee
- Trustee's Causes of Action
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 21, 2024.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hour(s) of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hour(s) credit.
- AR CLE 1.0
- This course has been approved for 1.0 hour(s) of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services/Noggin Guru for auditing purposes. This activity may qualify for up to 1.0 hour(s) toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services/Noggin Guru is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hour(s) of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hour(s).
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hour(s).
- ID CLE 1.0
- This program has been approved by the Idaho State Bar for 1.0 CLE hour(s).
- IL CLE 1.0
- This course was approved for a total of 1.0 hour(s) of MCLE Credit by the Illinois MCLE Board.
- MN CLE 1.0
- This program has been approved by the Minnesota Board of Continuing Legal Education for 1.0 hour(s) of credit.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hour(s) of CLE credit.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services/Noggin Guru believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 65 Minutes.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hour(s) of credit.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hour(s).
- NY CLE 1.0 including Areas of Professional Practice 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hour(s) in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- OR CLE 1.0
- Approved for 1.0 CLE credit(s) in Oregon.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hour(s) of substantive law, practice and procedure CLE credit.
- VA CLE 1.0
- This program has been approved by the Virginia Mandatory Continuing Legal Education Board for 1.0 CLE credit hour(s).
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hour(s) of A/V credit under the Law & Legal Procedure category.
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hour(s).
- NALA 1.0
- This program is applicable for continuing legal assistant education credit. Please check with your accrediting board to see if this course will qualify towards your recertification requirements.
Program Length: 1.0 hour(s).
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.
This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
David A. Jones, Jr.
Bernstein-Burkley, P.C.
David A. Jones, Jr., Esq.
- Partner in the Litigation Practice Group at Bernstein-Burkley, P.C.
- Practice focuses on commercial and general business litigation in state and federal courts, including representing Trustees and interested parties in bankruptcy proceedings.
- Has represented bankruptcy trustees and creditor committees in the investigation and litigation of claims against directors and officers of debtors, including for breaches of fiduciary duty.
- Has represented both shareholders and directors and officers in litigation involving allegations of breaches of fiduciary duty.
- University of Pittsburgh, B.A. degree; University of Pittsburgh School of Law, J.D. degree
- Member of the National Order of Barristers, American Bar Association, Pennsylvania Bar Association, and Allegheny County Bar Association.
- Can be contacted at (412) 456-8110 or [email protected]
John J. Richardson, Esq.
Bernstein-Burkley, P.C.
- Partner & Co-Chair of Litigation Practice Group – Bernstein-Burkley, P.C.
- Practice focuses on representing companies and individuals in business disputes, shareholder disputes and insider investigations in state, federal and bankruptcy courts
- Has represented shareholders, bankruptcy trustees and plan administrators in directors and officers liability claims
- John Carroll University, B.A.degree; University of Pittsburgh School of Law, J.D. degree
- Member of the American Bar Association, Pennsylvania Bar Association, Ohio Bar Association, West Virginia Bar Association and Allegheny County Bar Association
- Can be contacted at (412) 456-8107 or [email protected]
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Why Lorman?
Over 39 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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