Some sales of private companies are terrific events. Big valuations can lead to all investors getting paid, not to mention dancing and high-fives all around. But what happens when the sale is a sad one?
Click on the following link for the article: wsandco.com
Dave Tate, Esq. comments. This is a Woodruff Sawyer December 2014, article, but it remains timely for director of private company fiduciary duties. It’s a very good read. And I have to add, obviously after reading this, if you are a private company director, you need to be sure that you have a good lawyer.