Category Archives: Shareholder Disputes
What Sets Off Shareholder Disputes in Closely Held Florida Companies
Closely held companies often start with a handshake and a shared vision. Years later, that same partnership can splinter into a courtroom battle over money, control, or both. Why does this happen so often, and what can business owners do to spot trouble before it becomes a lawsuit? When Trust Breaks Down Over Money… Read More »
When Corporate Mismanagement Leads to Shareholder Litigation
Running a corporation requires more than good instincts. Directors and officers owe formal legal duties to the company and its shareholders, and when those duties are ignored or abused, the consequences can be severe. Shareholder litigation is one of the most powerful tools available to hold corporate leadership accountable, and in Florida, the procedural… Read More »
Shareholder Buyout Disputes and Business Valuation Issues in Florida
Owning a stake in a Florida business is valuable. Until it is not. When shareholders fall out, when a majority wants to push out a minority, or when a buyout offer appears on the table at a suspiciously low number, disputes over what those shares are actually worth can become intense and expensive. Business… Read More »
Shareholder Derivative Lawsuits: What Florida Business Owners Should Know
If you own shares in a Florida corporation, you already know that your investment can be put at risk by market forces beyond your control. But what about risks that come from inside the company itself? When directors or officers misuse their positions, self-deal, or allow the corporation to be harmed through negligence or… Read More »
Where Should a Shareholder File a Lawsuit?
Are you a shareholder who is considering taking legal action against a corporation? Whether you are considering filing a direct action or a derivative action, it is crucial that you understand the appropriate venue for your case. At Pike & Lustig, LLP, we have deep experience with shareholder law. Here, our Miami shareholder dispute… Read More »
Firefighter Pension Fund in Florida Reaches Multi-Million Dollar Shareholder Lawsuit Settlement With Investor Carl Icahn
In May of 2024, Bloomberg Law News reported that a firefighter pension fund in Florida has reached a multi-million dollar settlement of a shareholder lawsuit involving famed billionaire investor Carl Icahn. The settlement agreement brings an end to a multi-year shareholder derivative lawsuit involving the Xerox Corp. takeover of HP Inc. Here, our West… Read More »
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 »
Tesla Seeks to Revive Compensation Package for Elon Musk (Previously Blocked By Judge)
On April 18th, 2024, the New York Times reported that Tesla is seeking to revive the approximately $56 billion compensation package for Chief Executive Officer (CEO) Elon Musk. The package was voided earlier this year by a Delaware Chancery Court after a shareholder dispute was filed. Here, our West Palm Beach shareholder dispute attorney… Read More »
Shareholder Conflict: Delaware Judge Voids Elon Musk’s Tesla Compensation Plan
On January 31st, 2024, the Associated Press (AP) reported that a Delaware judge voided the Tesla compensation plan for Tesla CEO Elon Musk on the grounds that it is “excessive” and there constitutes a breach of fiduciary duty by the company’s Board of Directors. For his part, Elon Musk has stated his intent to… Read More »
Netflix Prevails in a Shareholder Lawsuit Over Account-Sharing
On January 8th, 2024, Reuters reported that Netflix prevailed in court in a shareholder lawsuit. The lawsuit—which was brought on behalf of Netflix shareholders between January of 2021 and April of 2022—alleged that the company made material misrepresentations about the extent to which account-sharing was hurting its growth. Here, our Miami shareholder dispute attorney… Read More »