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Forum Report: NYSSA Program on Theories of
Responsibility to Creditors and Shareholders in a "Zone of Insolvency"
(April 23, 2008)
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Sent: Wednesday, April 23, 2008 5:44 PM
Subject: Theories of responsibility to creditors and shareholders
in "zone of insolvency"
For those of you who are
interested in the questions raised in the Bear Stearns situation about
theories of shareholder and creditor rights in the “zone of insolvency,”
the
New York Society of Security Analysts ("NYSSA") is presenting a
program this Monday, April 28, from 3:30PM to 5:00PM with two experts to
explain the legal issues and applications. A description of the program
is copied below, with a link to the NYSSA web site.
NYSSA’s
Corporate Governance
Committee presents
Corporate Governance Under a Scenario
of Distress
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DATE |
Monday, April 28, 2008 |
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TIME |
3:30 p.m.-5:00 p.m.
Brown-Bag Format |
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LOCATION |
NYSSA
1177 Avenue of the Americas, 2nd Floor
(between 45th and 46th Streets), NYC (Directions)
Photo ID required for access to the building. |
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SPEAKERS |
Jonathan R. Macey,
Deputy Dean and Sam Harris Professor of Corporate Law, Corporate
Finance, and Securities Law, Yale University
John Sweeney,
Director, Corporate and Government Ratings, Standard & Poor’s |
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CHAIR |
David Silverman,
Blue Harbour Group, LP |
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REGISTER/FEE |
Members Free |
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REGISTRATION DEADLINE |
Friday, April 25, 2008
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PROGRAM DESCRIPTION
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What are management’s responsibilities to creditors as the viability
of equity becomes questionable? What actions can debt and equity
holders take to protect their rights? Join Professor Jonathan R.
Macey of Yale Law School and John Sweeney of Standard and Poor’s for
a discussion on the theory and practice of both equity and
creditor’s rights. |
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SPEAKER BIOGRAPHIES |
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Jonathan R. Macey
is deputy dean and Sam Harris professor of corporate law, corporate
finance and securities law at Yale University, and professor in the
Yale School of Management. Macey is the author of several books
including the two-volume treatise,
Macey on Corporation Laws,
and co-author of two leading casebooks,
Corporations: Including Partnerships
and Limited Liability Companies and
Banking Law and Regulation.
Macey earned his BA, cum laude, from Harvard and his JD from Yale
Law School. He received a PhD honoris causa from the Stockholm
School of Economics. |
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John Sweeney is
a director in corporate and government ratings at Standard & Poor’s.
He has been a member of the corporate and government ratings group
since January 2006. Sweeney is responsible for the analysis and
assignment of loan and recovery ratings in North America. Prior to
joining Standard and Poor’s, Sweeney worked for Barclays Capital,
Dresdner Kleinwort Wasserstein and HVB Group where he was actively
involved in leverage finance structuring and underwriting, loan
syndications, portfolio management, asset recovery and debt
restructures. Sweeney holds an MBA in finance from Adelphi
University, and a BBA in business management and finance from
Dowling College, and completed Manufacturer’s Hanover Trust’s
corporate credit training program. |
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