Michael R. Nestor

Michael R. Nestor, William D. Johnston, Kristen Salvatore DePalma | Young Conaway Stargatt & Taylor, LLP

Directors of solvent Delaware corporations typically hope and expect to look to what has been referred to as the "three-legged stool" of protection against loss: (i) exculpation from liability for money damages caused by a breach of the fiduciary duty of care; (ii) advancement of defense expenses...

Michael R. Nestor, Joel A. Waite, Ian S. Fredericks | Young Conaway Stargatt & Taylor, LLP

This is a modified version of the original update of YCST Bankruptcy Updates , edited on a rotating basis by members of the Wilmington, Delaware firm's Bankruptcy and Corporate Restructuring Section. The following cases have relevance to in-house counsel dealing with related bankruptcy matters...

Michael R. Nestor, Pauline K. Morgan, Kara H. Coyle | Young Conaway Stargatt & Taylor, LLP

On December 29, 2005, the United States Court of Appeals for the Third Circuit rendered its decision in In re Armstrong World Industries, Inc. The issue considered by the Court of Appeals involved the appeal by Armstrong World Industries (" AWI ") of the decision of the United States District Court...