There are many ways that an owner of a closely-held business can use their superior financial resources to gain an advantage over their co-owners in a dispute. One common way is the use of a capital call provision to dilute...more
5/31/2023
/ Breach of Duty ,
Business Disputes ,
Business Divorce ,
Business Litigation ,
Capital Calls ,
Closely Held Businesses ,
Covenant of Good Faith and Fair Dealing ,
Dilution ,
Fiduciary Duty ,
Minority Shareholders ,
Shareholder Oppression
You represent a minority shareholder of a closely-held corporation and the company is having an off year. The majority shareholder is the sole member of the board and serves in every officer position. She draws significant...more
When shareholders of a company believe the leaders of the company have breached their fiduciary duties to it, they can bring a lawsuit against those leaders in one of two ways. Shareholders can bring the suit in their own...more