Michigan has a robust statutory remedy for shareholder oppression. GGerald Mantese, Douglas Toering, and Fatima Mansour have just publised a fascinating new article in the January...
“[P]eople enter closely-held businesses in the same manner as they enter marriage: optimistically and ill-prepared.” Sooner or later, there is trouble in paradise. Resentments, jealousies, and...
Will the Texas Legislature Restore the Shareholder Oppression Claim? The Texas Supreme Court's Ritchie v. Rupe decision overturned the Texas shareholder oppression doctrine. The implications for...
Hopkins Centrich Law will speak at the 11th Annual Texas Bar CLE Essentials of Business Law Course at 9:30 am on March 13, 2020 in Houston,...
Promoters The role of the “promoter” is a bit of an anachronism under the Business Organizations Code. Dean Hildebrand defined a promoter as “one who brings...
In prior blog posts, we have dealt with the issue of shareholder oppression that ends in a stock redemption. While generally majority shareholders do not owe...
Texas Business Organizations Code section 11.314 provides that the limited liability company becomes subject to district court jurisdiction to order winding up and termination if a...
While shareholder agreements—in particular, Buy-Sell provisions—may provide some protection for minority shareholders against shareholder oppression, ordinarily they are not. More often, the Buy-Sell provision becomes the...
Whenever a client comes to us with a concern about how they are being treated as a shareholder or how the corporation is being run, the...
Texas law recognizes “the property right which a share in such a company creates.” Yeaman v. Galveston City Co., 167 S.W. 710, 719 (Tex. 1914). In...