I just spoke with a Bankruptcy Attorney who happens to be a close business associate of mine to get his perspective of what was stated by Lesh. His reply was that if the company is still in business then leaking information to clients about a possible BK is Insider Information and a breach of fiduciary duty to shareholders. Also, telling clents to take their business elswhere without restructuring in Chapter 11 would be a breach because they could in fact be a viable company with their current revenue stream.
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