Media Mentions
2007
Miles Huges was mentioned in the September 7th issue of BNA's Corporate Accountability Report in regards to the recent affirmation by the Delaware Supreme Court that rejected the deepening insolvency theory as an independent cause of action when dealing with bad business decision from directors. Mr. Hughes told BNA that he assessed the affirmation as a positive development for directors, and also lends clarity to issues that have long been confusing. The order ratifies the chancery court's analysis of directors' fiduciary duties during times of "organizational distress."
Miles W. Hughes was quoted in the August 16 issue of BNA's Health Law Reporter, in regards to the recent federal bankruptcy court decision by a Los Angeles judge approving a settlement in one of the first cases in the country in which a hospital trustee sought to impose personal liability on hospital directors for the facility's financial failure. Mr. Hughes told BNA the settlement was notable beyond California because it appeared to signal that the business judgment rule, which most states have, was making a comeback, and would provide a protective shield for directors who act in good faith, and in the best interest of their hospitals.
