On Wednesday, June 23, 2010, Richards Kibbe & Orbe partner James Walker presented a webcast entitled "What Board Members Need to Know About the Scope of Director Duties to Creditors of Financially Distressed Corporations - Making Sense of the Split in Authority Among U.S. Courts, and How it Affects You." The webcast addressed duties owed by Board Directors to the corporation, shareholders, and creditors when the company is in financial distress, and strategies that Board Directors should consider to reduce personal liability when their company is in financial distress.