Category Archives: Shareholder Partnership Disputes
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 »
Types of Shareholder Agreements in Florida and What They Are For
A shareholder agreement is an essential foundation on which every successful corporation is built. A shareholder agreement is a document that outlines the regulation by which the corporation is run, which is especially important for businesses that involve more than one person investing money in the company. Types of Shareholder Agreements in Florida Generally,… Read More »
Shareholder Oppression: Four of the Most Common Violations of Minority Shareholder Rights
Minority shareholders are in a vulnerable position. By definition, they do not have much practical control over what will happen to the company―indeed, minority shareholders are forced to rely on the judgement, competence, and good faith of majority shareholders and corporate board members. Unfortunately, in some cases, minority shareholders are mistreated by larger shareholders… Read More »
Jury Awards Real Estate Investor $3.5 Million in Shareholder Dispute
According to reporting from The Real Deal, a jury has awarded a California real estate investor named Arturo Rubenstein $3.5 million in financial compensation for damages that he suffered in a shareholder dispute. The award came after the jury determined that his shareholder rights were violated when he was improperly “muscled out” of a… Read More »
Five Tips to Help You Painlessly Dissolve a Partnership in Florida
Even the best of business partnerships may eventually need to come to an end. Dissolving a partnership is a complex process — there are many different potential pitfalls that must be avoided. The good news is that there are steps that you can take to protect your legal rights and financial interests as you… Read More »