February 13, 2002
The New York Times speaks with trusts & estates partner David McCabe for a series of articles on the standing of individual Arthur Andersen partners in the aftermath of the Enron collapse.
The New York Times spoke with trusts & estates partner David McCabe for a series of articles it published on the standing of individual Arthur Andersen partners in the aftermath of the Enron collapse. The articles, "Anxious Times For Andersen" (1/19/02), "Plaintiffs Ask: Just How Deep Are the Pockets At Andersen" (1/24/02), and "Suits Against Andersen May Test Partners’ Risks" (2/12/02) examine the risks to Andersen partners of being held personally liable for the misdeeds of the firm. Mr. McCabe tells the Times that although Andersen partners are protected by the veil of their Limited Liability Partnership, this protection does not extend to those who participated in wrongful acts. He states that in the case of Andersen, this is “virgin territory” and “it’s unclear where the chain of liability will end.” David McCabe is a partner in Willkie’s Trusts & Estates Department, specializing in all aspects of estate planning and administration, with emphasis on the development of sophisticated plans for high-net-worth individuals and their families. He is co-author (with principal author Karon S. Walker) of New York Limited Liability Companies and Partnerships - A guide and Practice (West Publishing).
