Category Archives: Shareholder Disputes
An Overview Of Shareholder Rights In Florida
Are you a minority shareholder of a company in Florida? If so, it is crucial that you know your rights under state law. Shareholder rights help to ensure that the best interests of minority shareholders are properly protected by majority stakeholders and the officers/directors of the company. In this blog post, our Miami shareholder… Read More »
Dispelling Three Of The Most Common Myths About Shareholder Derivative Lawsuits
As a shareholder, your interests matter. You can take legal action if your rights have been violated. There are two types of shareholder lawsuits: Derivative claims and direct claims. The Cornell Legal Information Institute defines a shareholder derivative suit as “a lawsuit brought by a shareholder on behalf of a corporation.” There are many… Read More »
Twitter Shareholder Files Lawsuit Against Elon Musk
In early April, Tesla and SpaceX CEO Elon Musk announced that they obtained a 9.2 percent stake in Twitter, making him the social media giant’s single largest shareholder. Since that time, there has been some major conflict between Mr. Musk and Twitter’s Board of Directors. Mr. Musk is now reportedly amassing an offer to… Read More »
Four Key Elements Of A Shareholder Lawsuit In Florida
A minority shareholder is a somewhat vulnerable position. By definition, they have limited ability to exercise control over the company—which means they must rely on corporate officers and corporate directors to protect the value of their investment. Under Florida law, shareholders have rights. They may even be able to file a claim against a… Read More »
Shareholder Rights In Florida: What Is A Voting Agreement?
A shareholder agreement controls a relationship between a corporation and its shareholders. It outlines the rights and responsibilities of shareholders. There are actually two different types of shareholder agreements in Florida: Standard Shareholder Agreement, which deals with operations; and Voting Agreement, which deals with control of the company. If you are a shareholder who… Read More »
Shareholder Litigation: Rivian Accused Of Misleading Investors About Vehicle Prices
According to a report from Reuters, Rivian Automotive Inc—an electric vehicle manufacturer based in Irvine, California—is facing a shareholder lawsuit for allegedly misleading investors about the pricing of its vehicles. The shareholder is seeking class action certification for the lawsuit. In this blog post, our West Palm Beach shareholder disputes attorneys explain some of… Read More »
Federal Judge: Chemours Must Face Shareholder Lawsuit Over Alleged Mistreatment Of Maximum Potential Liability For Hazardous Chemicals
According to reporting from Reuters, a federal judge has ruled that Chemours—the Wilmington, Delaware headquarter American chemical company—must face a lawsuit from shareholders over its alleged misrepresentation of the cost of certain environmental cleanups. However, some of the other claims raised by the shareholders were dismissed. In this article, our Miami shareholder disputes lawyers… Read More »
Survey: Class Action Shareholder Lawsuits Are Expected To Rise Sharply In 2022
According to a report from the Valdosta Daily Times, U.S. companies are preparing for a steep rise in class action litigation—especially class action lawsuits that are being initiated by shareholders. A recent survey from a reputable organization found that corporate leaders are anticipating a 27 percent increase in class action litigation, the highest increase… Read More »
Shareholder Derivative Claims: What Is A Special Litigation Committee (SLC)?
There are two main types of shareholder lawsuits: Direct action and a derivative claim. The Cornell Legal Information Institute defines a shareholder derivative action as “lawsuit brought by a shareholder on behalf of a corporation.” A minority shareholder may pursue derivative litigation when they believe that the company itself has a valid claim, but… Read More »
Teva Pharmaceutical Industries Settles $420 Million Shareholder Lawsuit
A massive settlement has been reached in a major shareholder lawsuit over the pricing of generic drugs. According to reporting from Reuters, Teva Pharmaceutical Industries—the Israeli multinational pharmaceutical company—will pay approximately $420 million to resolve an outstanding claim by shareholders. The world’s second largest manufacturer of generic drugs, Teva Pharmaceutical Industries recently faced legal… Read More »
