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Minority Shareholder Rights

Feb 22, 2018

Business Owner Rights: What Every Shareholder Should Know

David C. Roberts, a Member of Norris McLaughlin & Marcus, P.A., is pleased to present a seminar for all business owners that will answer many of the questions, both known and unknown, a shareholder would have, such as:
  • What, exactly, is “shareholder oppression?”
  • How do I remedy oppression?
» Read More

Oct 16, 2017

Misunderstandings Among Owners Can Lead to Business Divorce Litigation

One of the most common reasons for a minority shareholder to file “business divorce litigation” is because that minority owner feels left out, pushed out, squeezed out – simply not part of the process in any significant way.  Quite often, the minority owner is pushed out for a reason that is not entirely unjustified.  » Read More

Sep 29, 2017

Shareholder Oppression: What Every Business Owner Should Know

David C. Roberts, a Member with Norris McLaughlin & Marcus, P.A., is pleased to present a seminar for all business owners that will answer many of the questions, both known and unknown, a shareholder would have, such as:

  • What, exactly, is “shareholder oppression?”
  • How do I remedy oppression?
» Read More

Apr 28, 2017

Trust But Verify Regarding Financial Information

Minority owners of closely-held corporations (in New Jersey) often put themselves in a position where they are cut off from access to the company’s books and records.  When that happens, several things can occur, and few of them are good.

For example, majority shareholders who have unfettered access to the company’s finances often abuse their power by granting themselves impermissible benefits that are not related to their employment by the company, and are not proportionately shared with the minority shareholders.  » Read More

Mar 06, 2017

If You Lose A Minority Shareholder Oppression Lawsuit, Things Will Likely Get Worse – So Do It Right

When minority shareholders in New Jersey (including LLC members) are being treated unfairly or oppressively, the New Jersey minority shareholder oppression statute provides significant rights that are written about quite frequently on this site. The upside of a successful oppression suit is often a buyout at market value.  » Read More

Feb 13, 2017

Termination of Employment as Minority Shareholder Oppression

A common theme among minority shareholders seeking legal representation is termination of employment.  Readers of this blog may be aware that termination can often constitute minority shareholder oppression, warranting a remedy such as a court-ordered buyout.  But, unfortunately, not all terminations are equal, as not all terminations constitute oppression. » Read More

Oct 10, 2016

Court-Appointed “Tiebreakers” In a 50/50 Ownership Setting

When two people start a company, neither wants to give control to the other, so ownership is usually split 50/50.   This sounds like a great idea at the outset, when everyone is on the same page, and there is usually no other practical way to proceed.  » Read More

Apr 20, 2016

Perils Of Negotiating Your Own Buyout

Some clients come in for a consultation with no desire to file an oppressed minority shareholder action.  Instead, the goal is to have an attorney draft the papers necessary to accept an offer made by the other side to purchase his or her shares, avoiding just such a court battle.  » Read More

Nov 17, 2015

Shareholders Who Quit As Employees Might Not Have to Sell Their Shares if They Don’t Want To

I have written on this blog several times that termination of employment potentially constitutes shareholder oppression.  As written previously, if a court finds that the termination frustrates a shareholder’s reasonably held expectations, then the termination may be deemed oppression, and the oppressed minority shareholder may be afforded the remedy of a buyout.  » Read More

Apr 30, 2015

Will A Court Reinstate A Terminated Shareholder-Employee?

An injunction is when a court orders someone to do something, or not to do something.  These can be very difficult to obtain – in some circumstances – and are often not granted when money damages at the end of a lawsuit can make the aggrieved party whole.  » Read More

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