Boodell & Domanskis Member Max Stein recently participated in a webinar on resolving shareholder disputes. Presented by Financial PoiseTM, the webinar discusses common shareholder disputes and various options for resolving them. As Financial Poise said in a release regarding the webinar:
Shareholder disputes happen for various reasons. All are counterproductive to the goals of the company. Disputes are often difficult, complex and expensive to resolve. Whether due to personal, financial or operational disagreements, shareholder disputes can destroy a business. In some cases, shareholder agreements and by-laws do not provide helpful resolutions.
This episode discusses common shareholder disputes, such as
- breach of duty,
- shareholder oppression,
- shareholder departure (voluntary or involuntary) and
- power struggles due to death of a majority shareholder.
We also examine common legal remedies, the collaborative process and dissolution. Additionally, provisions of a buy-sell agreements are discussed, including
- defining shareholders’ roles and responsibilities,
- selling and buying shares,
- the method for valuing shares and
- alternative dispute resolution language.
Max is part of a panel that also includes Daniel Van Vleet of The Griffing Group and Lisa Vandesteeg of Sugar Felsenthal Grais & Hammer, with Erin Hollis of Marshall & Stevens moderating. The webinar is the 3rd episode of the “Complex Financial Litigation for the Non-Expert” series and can be found here.