Responsibility of Investment Bankers to Shareholders

Authors

Ted J. Fiflis, University of Colorado Law School

Publication Title

Washington University Law Quarterly

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.

Recommended Citation

Ted J. Fiflis, Responsibility of Investment Bankers to Shareholders, 70 Wash. U. L. Q. 497 (1992).
Available at: https://openscholarship.wustl.edu/law_lawreview/vol70/iss2/12