Bay Street Lawyers Beware: U.S. Court Finds Conflict of Interest Representing Debtor and One of Its Major Shareholders in Bankruptcy Proceedings

Steven Graff, Jeffrey Merk and Shaun Parsons of Aird & Berlis highlight a US decision which serves as a warning to Canadian law firms to carefully consider whether there is a conflict between the interests of their corporate client and the equity holders of that corporate client who are also clients of the firm.

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