Commercial Litigation Director and Officer Liability
Corporate officers and directors provide guidance, sound judgement, creativity, and advice to the companies they serve. They are called upon to help steer the company through a variety of political climates and market conditions, and they ultimately make sure the company is moving in a positive direction. However, these individuals can also be held accountable if they make decisions in their best interests and not that of the company.
Across all industries, lawsuits against directors and officers have grown significantly. The subject matter of these cases include the following:
- Employment concerns
- Wrongful termination
- Breach of fiduciary duties
- Intellectual property
- Mergers, acquisitions, and other business transactions
To prevail in a case against directors and officers, typically a party must prove that the directors or officers were not prudent and thorough in their decision-making process, did not put the company’s interest before their own, or did not prevent the corporation from harm. These cases can be contentious and require creative, aggressive legal representation. Additionally, as most organizations have Directors & Officers (D&O) Liability Insurance to protect the company from bearing the expense in these suits, insurance companies often are involved in the proceedings, and a thorough understanding of the coverage available under these policies is critical.
Okin Adams: Houston Business Lawyers
Okin Adams has worked with various types of business entities in different industries that have a variety of governing structures. This breadth of experience allows us to understand your company’s situation and provide guidance for your unique needs. Please contact us to discuss how we can help protect your business.
Edward A. Clarkson, III Edward's primary area of practice focuses on all aspects of restructuring and reorganization work, including representation of corporate debtors and creditors.Read more