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

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