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SDNY Denies Motion to Dismiss Breach of Fiduciary Duty Claims Against Former Directors Based on All

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SDNY Denies Motion to Dismiss Breach of Fiduciary Duty Claims Against Former Directors Based on All

On December 4, 2020, Judge Rakoff of the Southern District of New York denied a motion to dismiss breach of fiduciary duty claims against former directors of Jones Group (the predecessor to Nine West). The lawsuit arises from the board of directors' approval of a buyout transaction that distributed $1.2 billion to Jones Group shareholders, while allegedly rendering the company insolvent.

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SDNY Denies Motion to Dismiss Breach of Fiduciary Duty Claims Against Former Directors Based on All

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SDNY Denies Motion to Dismiss Breach of Fiduciary Duty Claims Against Former Directors Based on All

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