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33 Litig. News 1 (2007-2008)

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recent year some federal courts, including the Third CircUit  of the Chancery Court, which ridiculed deepening insolvn
in caSes arising uader Pensylvania law and other courts that  cy as a  catchy term and rejected it as a cause of action
sought to predict how Delaware courts would rule, recog-  concluding: Even when a firm is insolvent, its directo
nized an exception: When a corporation's life is artificially  may, in the appropriate exercise of their business judgment
prolonged by fraud or other wrongful conduct, its existence              (Turn to page 6- Deepening hIsohe,

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