Category Archives: Shareholder Partnership Disputes
The Three Most Common Grounds on Which a Shareholder Derivative Claim Can Be Dismissed
A shareholder derivative lawsuit is a legal claim filed by a shareholder or group of shareholders on behalf of the corporation itself. It is often but not always filed against the company’s officers, directors, or another key insider. When a shareholder derivative lawsuit is filed, corporate leaders typically move for an immediate dismissal. Here,… Read More »
Tripadvisor Permitted to Re-Incorporate in Nevada—But Shareholder Litigation Can Still Move Forward
According to a report from MSN, a judge from the Delaware Court of Chancery has agreed to permit Tripadvisor to re-incorporate in Nevada. However, in doing so, the court noted that ongoing shareholder disputes against the business can still move forward. Here, our West Palm Beach shareholder rights lawyer discusses the ruling and its… Read More »
JP Morgan, CEO Jamie Dimon Prevail in Shareholder Lawsuit Centered Around Alleged Ties to Disgraced Former Hedge Fund Manager Jeffrey Epstein
According to a report from Reuters, JP Morgan, its Chief Executive Officer (CEO) Jamie Dimon, and the company’s board of directors have prevailed in a shareholder derivative lawsuit centered around its alleged connections with former distracted hedge fund manager Jeffrey Epstein. A federal court dismissed the shareholder lawsuit on the grounds that shareholders failed… Read More »
Disney Prevails in Shareholder Lawsuit Over Ongoing Feud with State of Florida
According to a report from Bloomberg Law, Disney has prevailed in a shareholder lawsuit related to its ongoing feud with the State of Florida and its Governor Ron DeSantis. Within this blog post, our Miami shareholder rights lawyer provides an overview of the dispute and highlights some notable lessons for shareholder litigation more broadly…. Read More »
Paramount Settles Shareholder Lawsuit Over Viacom-CBS Merger For $122.5 Million
According to a report from Deadline, Paramount Global—a multinational media conglomerate based in New York City—has reached a $122.5 million settlement in a shareholder lawsuit over the merger between Viacom and CBS. The settlement agreement was officially disclosed in a filing with the Securities and Exchange Commission (SEC). Here, our West Palm Beach shareholder… Read More »
Credit Acceptance Agrees In Principle to $12 Million Settlement In Shareholder Lawsuit
According to a report from Automotive News, Credit Acceptance—a publicly traded Southfield, MI based finance company that operates in the auto finance space—has preliminarily agreed to a $12 million settlement of a shareholder lawsuit. The company has previously been cited by state regulators for “predatory and illegal business practices.” A group of shareholders argued… Read More »
Can a Minority Shareholder Be Removed from the Business in Florida?
A minority shareholder of a closely held corporation has no direct control over the operation business. At the same, a minority shareholder may still be deemed “disruptive” or otherwise a “poor fit” for the business. This raises an important question: Can a minority shareholder be forced out of a business in Florida? As with… Read More »
SolarWinds Face Class Action Shareholder Lawsuit Over Handling of Cyber Security Breach
According to a report from Fox Business, a shareholder has filed a class action lawsuit against SolarWinds—a large software company based in Austin, Texas. The company was recently the victim of a significant cyber security breach. The shareholder is taking legal action on the grounds the corporate executives violated federal law by misrepresenting and… Read More »
Partnership Disputes in Florida: Can One Partner Force Out Another?
As defined by Investopedia, a partnership is a formal arrangement whereby two or more people manage and operate a business together. In practice, a partnership is only as effective as the relationship between the parties. When a dispute arises among close business partners, there can be serious problems. You may be wondering: Is it… Read More »
What are the Most Common Types of Shareholder Disputes in Florida?
A shareholder is an individual or institution that owns at least one share in a public or private corporation. Ultimately, a shareholder is making an investment in the underlying company. The value of a shareholder’s investment depends, among other things, on the continued success of the business. A shareholder dispute is a disagreement among… Read More »