Category Archives: Shareholder Partnership Disputes
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 »
Tripadvisor Permitted to Re-Incorporate in Nevada—But Shareholder Litigation Can Still Move Forward
According to a report from MSN, a judge from the Delaware Court of Chancery has agreed to permit Tripadvisor to re-incorporate in Nevada. However, in doing so, the court noted that ongoing shareholder disputes against the business can still move forward. Here, our West Palm Beach shareholder rights lawyer discusses the ruling and its… Read More »
JP Morgan, CEO Jamie Dimon Prevail in Shareholder Lawsuit Centered Around Alleged Ties to Disgraced Former Hedge Fund Manager Jeffrey Epstein
According to a report from Reuters, JP Morgan, its Chief Executive Officer (CEO) Jamie Dimon, and the company’s board of directors have prevailed in a shareholder derivative lawsuit centered around its alleged connections with former distracted hedge fund manager Jeffrey Epstein. A federal court dismissed the shareholder lawsuit on the grounds that shareholders failed… Read More »
Disney Prevails in Shareholder Lawsuit Over Ongoing Feud with State of Florida
According to a report from Bloomberg Law, Disney has prevailed in a shareholder lawsuit related to its ongoing feud with the State of Florida and its Governor Ron DeSantis. Within this blog post, our Miami shareholder rights lawyer provides an overview of the dispute and highlights some notable lessons for shareholder litigation more broadly…. Read More »
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 »
How to Resolve a 50/50 Shareholder Dispute in Florida
While it may be the correct choice for some entrepreneurs, going into a 50/50 partnership with another person creates some risks. For obvious reasons, a 50/50 shareholder dispute or 50/50 partnership dispute can be especially difficult to resolve. If you are currently locked into a 50/50 shareholder dispute, it is imperative that you take… Read More »
Stuck in a Partnership Dispute? Here are the Top Four Mistakes You Should Avoid
A partnership is one of the most common types of business structures. Forming one can be an effective way for a business to grow and prosper. Of course, business partnerships are ultimately relationships between people. Similar to any other type of relationship, disputes happen. If you are in a disagreement with a business partner,… Read More »
What is a Limited Liability Partnership (LLP)?
A limited liability partnership (LLP) is the preferred legal structure for many businesses in South Florida. It is a legal entity that allows business partners to put some limits on their personal liability. Here, our top-rated West Palm Beach partnership law attorneys provide an overview of the most important things that you need to… Read More »
Attorneys Michael Pike and Daniel Lustig in the Daily Business Review “After South Florida’s Lawyer’s Suicide, Fight Over Alleged Misappropriated Funds”
Connecticut-based Twin City Fire Insurance Co., an affiliate of the Hartford Financial Services Group, has filed a federal lawsuit in Florida denying any liability for former West Palm Beach lawyer Leonel R. Plasencia, who killed himself in 2017, allegedly before turning over settlement money owed to clients in a personal injury case. Michael J…. Read More »
What is a Joint Venture?
There may come a time when your company has an opportunity to collaborate with another firm in order to work together to achieve a common commercial goal. In these cases, companies often form ‘joint ventures’ in order to most effectively complete their business objectives. At Pike & Lustig, LLP, our Miami business law attorneys… Read More »
Four Tips for a Successful Business Partnership
If you are going into business with another person, you need to be sure that you have put the right structure in place for your business partnership. Unfortunately, in far too many cases, partnerships fail due to poor planning. At Pike & Lustig, LLP, we have extensive experience handling business law issues related to… Read More »
