Shadow directors and controlling shareholders: duties and liability

With all too many aggrieved parties crying 'foul' as they look to apportion blame as well as salvage some of their cash from venture-backed companies that have fallen heavily to earth, the role and responsibilities of venture capitalists who sat on the boards of these portfolio companies is receiving close scrutiny. Joe Bartlett, of counsel at Fish & Richardson, takes a closer look at what this all means.

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