"Directors’ DoCAs" – Duties, Disclosures and Contributions

Carmen Boothman and Michael Sloan of Ashurst Perkins Coie unpack a Federal Court ruling that terminated a DOCA for undisclosed capital-raising talks and a director's self-interest, weighed against a $460,000 contribution on $321 million in claims, a reminder that a DOCA can't shield directors from scrutiny if disclosure falls short.

Read more.