News & Analysis as of September 20, 2024

Divorce › Shareholders

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Divorce is the formal legal dissolution of a marriage. The divorce process implicates many diverse areas of the law including, but not limited to, real estate, wills and trusts, child custody, and tax.

Must a Professional Corporation Redeem the Shares of its Retired Shareholders?

Farrell Fritz, P.C. on 7/3/2023

I previously wrote that one of the most difficult periods in the lifecycle of a closely held business is the period following the death of an owner, due to the tension between the remaining owners wishing to continue the...more

Divorce Litigation “Outside the Box”

Fox Rothschild LLP on 10/7/2022

One of the many frustrations of practicing family law is that there is rarely, if ever, a decisive victory. Divorce is about doing “equity” and that rarely means a result where the Court finds that one side “wins” and the...more

Indiana Supreme Court Rejects Distinction Between Divorce Business Valuations and Compulsory Buyback Valuations

Faegre Drinker Biddle & Reath LLP on 2/4/2021

On January 28, 2021, the Indiana Supreme Court decided Hartman v. BigInch Fabricators & Construction Holding Co., rejecting the short-lived distinction between divorce case business valuation discounts from discounts in other...more

Divorce – Impacting Your Meddlin Hands Partners!

Gray Reed on 10/22/2014

To the other four minority owners who enjoyed the meteoric rise of Meddlin Hands Cleaning Products, when Lucy Knott sued their majority partner Tigh A. Knott for divorce, the divorce was anything but routine. Lucy wants half...more

What's Love Got To Do With It? Disclosure, Governance and Getting Personal

Akin Gump Strauss Hauer & Feld LLP on 12/20/2013

Some marriages last forever. Some may only last for hours, weeks or a short few years. Some divorces are quick and quiet. Some are high profile. Think: Brad and Jen, Tiger and Elin, Ashton and Demi. Names, faces and assets...more

50% Shareholder Didn't Owe Fiduciary Duty To His 50% Co-Shareholder

Brooks Pierce on 8/28/2013

This week's decision from the Business Court in Maurer v. Maurer, 2013 NCBC 44 is a continuation of the litigation between Jill Maurer and the company owned by her and her husband, which was the subject of three Business...more

Forced Buyouts in a Business Divorce – Valuable Weapon or Trap for the Unwary?

Jaburg Wilk on 7/31/2013

Many part-owners of a business are not aware that, as shareholder of an Arizona corporation, they gain the right to seek to dissolve the corporation under certain circumstances, but at the same time subject themselves to...more

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