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Photo: EZphoto via Shutterstock Photo: EZphoto via Shutterstock

The COVID-19 pandemic sweeping across the United States has triggered unprecedented disruption of corporate America. The virus’s dangers and the speed at which it spreads through the population have caused state and local governments to force most “non-essential” businesses to temporarily scale back or even cease operations, resulting in many otherwise healthy companies facing financial distress and potentially teetering on insolvency. These companies’ directors understandably may have questions about how this sudden change in financial health impacts the fiduciary duties they owe to the company.

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