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Corporate & Securities Law

: Business Law Prof Blog

When is There A Fiduciary Duty to Liquidate? Chrysler?

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Nardelli, the new chief of Chrysler, is reported to have been asked "Are we bankrupt?" His answer -- "Technically no, operationally yes. The only thing that keeps us from going into bankruptcy is the $10 billion our investors entrusted us...

Full post as published by Business Law Prof Blog on December 21, 2007 (boomark / email).

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