By Andrew R. Schwartz | Published June 22, 2023 | Posted in Business Law | Tagged Tags: Fiduciary Duty, misconduct, squeeze out | Comments Off on What Recourse Do You Have as a Minority Owner Facing a Squeeze Out?
What Recourse Do You Have as a Minority Owner Facing a Squeeze Out?
Disputes and conflicts often arise in small businesses with multiple owners. From time to time, we see majority owners use their inherent leverage to oppress the powers, rights and/or benefits of a minority owner (one with a non-controlling ownership interest in the business). In the worst case, the majority owners may try to “squeeze out” Read More
Read More
Claims Against Benefit Plan Sponsors Grow More Sophisticated
Lawsuits against sponsors of retirement plans have been fairly common over the past decade. Typically, these claims involved relatively obvious violations, like excessive costs, negligent oversight and other types of blatant mismanagement.
Read More
Court Bars Business Oppression Even Though Shareholders Were in Litigation
Business oppression occurs when the shareholder majority exercises its voting power to abuse the ownership rights of the minority.
Read MoreResetting the Statute of Limitations for Breach of Fiduciary Duty?
Generally speaking, a “fiduciary” relationship occurs where one person holds or manages assets for another’s benefit.
Read More