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Category Archives: Shareholder Disputes

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Fat Brands Will Pay $3 Million To Resolve A Shareholder Lawsuit

By Michael Pike and Daniel Lustig |

According to a report from Restaurant Business Magazine, Fat Brands—a Beverly Hills, CA restaurant conglomerate that owns major national and regional brands such as Fatburger and Johnny Rockets—will pay $3 million ($2.5 million in cash, $500,000 in stock) to settle a lawsuit from a shareholder. The underlying claim was related to the company’s alleged… Read More »

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Federal Courts Upholds Wendy’s Shareholder Settlement Over 2015 Data Breach

By Michael Pike and Daniel Lustig |

According to a report from Bloomberg Law, Thomas Caracci, a shareholder of Wendy’s Co., has lost in his attempt to get a shareholder settlement thrown out. The United States Court of Appeals for the Sixth Circuit determined that a lower court was within its discretion when it approved a settlement of a shareholder derivative… Read More »

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The Business Judgment Rule: Understanding Its Meaning, Implications, And Exceptions

By Michael Pike and Daniel Lustig |

Through an individual shareholder lawsuit or a derivative shareholder lawsuit, a shareholder may be able to hold a corporation’s officers or directors legally responsible for damages. That being said, there is a well-established judicial doctrine in the United States called the business judgment rule that provides significant legal protection to corporate officers and directors…. Read More »

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Where Do I File A Shareholder Lawsuit?

By Michael Pike and Daniel Lustig |

Unless you have majority control over a corporation, your interests as a shareholder are heavily dependent on the conduct of other parties. Your ability to take legal action against the majority shareholder, corporate officers/directors, and even the company itself is a potentially powerful legal remedy. This raises an important question: Where do you file… Read More »

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Medical Technology Company Faces Shareholder Lawsuit Over Delayed Shipment

By Michael Pike and Daniel Lustig |

According to a report from the Medical Device Business Journal, Outset Medical—a medical technology company based in San Jose, California—is facing a shareholder lawsuit over a shipment hold that was placed on one of its products in June of 2022. There was a sharp drop in the company’s share price after news of the… Read More »

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Federal Judge Removes Plaintiffs Attorneys In FirstEnergy Shareholder Litigation

By Michael Pike and Daniel Lustig |

According to a report from Cleveland.com, a federal judge has removed the plaintiffs’ attorneys in the FirstEnergy shareholder lawsuit. The judge also asked for applications from new lawyers to replace them. The judge ruled that the attorneys in question improperly attempted to evade oversight in the case. In this article, our Miami shareholder dispute… Read More »

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Report: Shareholders Are Increasingly Suing Companies Over Lack Of Diversity

By Michael Pike and Daniel Lustig |

According to a report from Bloomberg Law, an increasing number of shareholders are looking to the courts to help increase diversity in the workplace. These types of lawsuits are generally filed on the basis that a poor work environment contributes to a lack of diversity and, in the long-run, causes fundamental damage to the… Read More »

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Multinational Corporate Giant Unilever Faces Shareholder Lawsuit Of The Ben And Jerry’s “Boycott” Of Israel

By Michael Pike and Daniel Lustig |

According to a report from Reuters, Unilever—the London-based multinational consumer goods company—is facing a lawsuit from a shareholder over Ben and Jerry’s boycott of Israel. The shareholder contends that the company mismanaged the situation. Below, our West Palm Beach shareholder dispute lawyer discusses the allegations raised in the lawsuit. Background: Unilever Acquired Ben &… Read More »

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What To Know About Shareholder Agreements And Mandatory Arbitration

By Michael Pike and Daniel Lustig |

Are you involved in a shareholder dispute in Florida? If so, it is crucial that you know your rights under the shareholder agreement and state law. Many modern shareholder agreements contain contract language calling for arbitration for any disputes. You may hear this referred to as a mandatory arbitration provision or a forced arbitration… Read More »

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Spirit Airlines Facing Shareholder Lawsuit Over Potential Deal With Frontier

By Michael Pike and Daniel Lustig |

Spirit Airlines is one of the nation’s top low-cost commercial carriers. It is headquartered in Miramar, Florida. The company is currently prepared to pursue a merger with one of the nation’s other most prominent budget carriers, Frontier Airlines. In recent weeks, the deal has been disrupted by a late-attempt by JetBlue to buy Spirit… Read More »

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