ABI New York Bankruptcy Conference
Keynote Presentation: Meme Stock and Fiduciary Duty ImplicationsMay 24, 2023 | 1:30–2:30 pm
New York Hilton Midtown
1335 Avenue of the Americas
New York, NY
As trading volumes have expanded due to high-frequency trading and social media-fueled retail investing, this panel will discuss how distressed companies have taken advantage of these phenomena to sell equity. Is this trend likely to continue? What are the board’s responsibilities when a distressed/insolvent company is selling equity in the public market? What are the disclosure requirements? What are the repercussions if a chapter 11 filing occurs shortly after a public equity-raise?