Leon Silver and Andy Jacob of the Phoenix office of Gordon & Rees authored an article published in the July/August 2015 Arizona Bar Journal. The feature article, titled “Fiduciary Duty and the Wholly Owned Company,” explores the intricacies of fiduciary duty as they relate to the decisions made by officers and directors of a wholly owned grocery store chain. When insolvency of the wholly owned subsidiary comes into play, should decisions be made in the best interests of the subsidiary or the parent company? Find out here.
Silver is the co-Managing partner of the Phoenix office of Gordon & Rees LLP and serves as National Practice Group Leader for the firm's Retail & Hospitality Practice Group. Jacob is of counsel in the Phoenix office and a member of the Appellate and Commercial Litigation Practice Groups.