Responsibility of Investment Bankers to Shareholders

Abstract

This Article proposes that investment bankers be held responsible to shareholders. As gatekeepers for corporate control transactions, investment bankers should be liable as delegates of the board, having the same fiduciary duties of care, candor, and loyalty that directors have, as well as a duty of skill.

Keywords

Corporate fiduciaries, Banking industry, Malpractice, Consolidation & merger of corporations

Share

Authors

Ted J. Fiflis (University of Colorado Law School)

Download

Issue

Publication details

Dates

Licence

All rights reserved

File Checksums (MD5)

  • pdf: 4a2d48c642872a39ee2b7cde98665480