Duane Morris·BANKING / FINANCE
Third-Party Beneficiary Ruling Puts Advisors on Notice
Financial advisors face liability to board members as third-party beneficiaries when engagement letters use individual addressee language, per Baker v. Goldman Sachs.
third-party-beneficiaryengagement-letterfinancial-advisor-liabilitygoldman-sachsma-dealcontract-interpretation
Read the original firm alert → Friday, August 7, 2026