Case Studies in Closely Held Company Disputes
Illinois First District Relies on Century-Old Precedent to Hold that Corporate Directors Have Presumptive Right to Inspect Corporation Books and Records
Illinois First District Relies on Century-Old Precedent to Hold that Corporate Directors Have Presumptive Right to Inspect Corporation Books and Records…
Illinois First District Holds that Closely Held Shareholders Owe Each Other Fiduciary Duties Even When Settling Contested Litigation Among Them
Illinois First District Holds that Closely Held Shareholders Owe Each Other Fiduciary Duties Even When Settling Contested Litigation Among Them…
Nebraska High Court Finds Owner-Agents Personally Liable Where They Failed to Disclose Existence of Corporation
In Thomas Grady Photography, Inc. v. Amazing Vapor, Ltd., 918 N.W.2d 853 (Neb.…
California Appeals Court Holds, As A Matter Of First Impression That Pending Stock Buyout Does Not Preclude Shareholders’ Petition To Compel Annual Shareholders’ Meeting
In Ielmini v. Patterson Frozen Foods, Inc., No. F073377, 2018 WL 4348020 (Cal. Ct. App. Sept. 12, 2018), review denied (Dec.…
Illinois Second District Highlights 2017 Changes to LLC's Duties to Dissociated Members
Illinois Second District Highlights 2017 Changes to LLC's Duties to Dissociated Members…
Illinois Appellate Court holds Double-Dealing Executive Liable for Breach of Fiduciary Duties, Orders him to Forfeit Salary
Illinois Appellate Court Holds Double-Dealing Executive Liable for Breach of Fiduciary Duties, Orders Him to Forfeit Salary…
Idaho Supreme Court Joins Majority, Holds that the Corporate Veil May Be Pierced to Reach Non-Shareholder
Idaho Supreme Court Joins Majority, Holds that the Corporate Veil May Be Pierced to Reach Non-Shareholder…
Illinois Appellate Court Permits Attorneys’ Fees Based On Litigants’ Pre-Suit Behavior; or “Leave the Shareholder. Take the Pierogi.”
In a case of first impression, the Illinois Appellate Court, First District, ruled that litigants may be awarded attorneys’ fees under Section 12.60(j) of the Illinois Corporation Act (805 ILCS 5/1 et seq.…
Illinois First District Holds Managers Alone Owe Fiduciary Duties to LLCs, Other Officers Do Not
Illinois First District Holds Managers Alone Owe Fiduciary Duties to LLCs, Other Officers Do Not…
New York Court Holds Under Delaware Law That LLC Agreement That Elects Diminution for Failure to Meet Capital Call Excludes Common Law and Other Remedies
New York Court Holds Under Delaware Law That LLC Agreement That Elects Diminution for Failure to Meet Capital Call Excludes Common Law and Other Remedies…