Every Director or Officer within a corporation is tasked with acting in the best interests of their company, and compensated for their knowledge and experience in that regard. Though in the past people who are in these elevated positions have not been held personally liable when their decisions end up having negative financial results, in recent years, laws governing corporations have expanded, and increasingly this has meant that if a director acts in a way that is damaging, and particularly if the actions that they take further their own interest at the same time, then they can be held responsible and subjected to a director liability claim.
If you have been subjected to one of these claims by a shareholder of your company, then you need an experienced knowledgeable attorney who can provide you with a vigorous defense and protect your rights. The attorneys at the Philadelphia law firm of Bochetto & Lentz have a record of successfully defending those accused of actions detrimental to a corporation, and we can provide you with expert assistance.
There are several different types of actions that can be pursued against directors and officers of a corporation. Corporate governance litigation can include securities class actions, shareholder challenges to mergers and acquisitions, and shareholder derivative actions. There are a number of different ways that the experienced attorneys at Bochetto & Lentz are able to provide effective professional liability defense. We have a unique understanding of the impact that this type of litigation can have on an individual, as well as on the company for whom they work, so we handle issues confidentially and with sensitivity. We will work hand in hand with you and your organization in order to designing effective litigation strategy that includes consideration of negotiating settlement terms. Though settlements can be expensive, they often pale in comparison to the damage that a trial can do to an organization’s reputation, as well as the mounting costs of legal fees through a lengthy and prolonged trial. At all times we are cognizant of and focused on finding the approach that will be most cost effective and yield the most beneficial results. The answer is often found in alternative dispute resolution, an area in which Bochetto & Lentz excels.
At Bochetto & Lentz, we recognize that mediation and arbitration are often the most effective method of resolving director liability issues, but we are also capable and willing to pursue litigation when that is in the best interests of our client. Our goal is to provide you with the legal services that will provide you with the end result that you are looking for. If you are a company director or are seeking legal defense for one of your company’s directors or officers who are facing a lawsuit from shareholders, other corporations or members of the public, contact us today to set up a convenient meeting to discuss the particulars of your case.