Andrews Corporate Officers and Directors Liability Litigation Reporter
March 25, 2002
Duty to Creditors:
Copyright (c) 2002 Andrews Publications
OFFICERS, DIRECTORS, SHAREHOLDERS INSULATED FROM MOST HECHINGER LIABILITY
Official Comm. of Unsecured Creditors of Hechinger Inv. Co. v. Fleet Retail Fin. Group
A federal judge in Delaware has found that defunct home improvement giant Hechinger Company collapsed under the excessive weight of leveraged buyout debt. However, with one exception, he ruled that the officers, directors and major shareholders who...