Case Studies in Closely Held Company Disputes
Mississippi High Court Holds Administratively Dissolved Corporation Cannot Continue Suit It Brought While In Good Standing
In Wayne Johnson Electric, Inc. v. Robinson Electric Supply Co., 266 So.…
District Court Underscores the Importance of Suing the Correct Party in Action for Recovery of Distributional Interest
District Court Underscores the Importance of Suing the Correct Party in Action for Recovery of Distributional Interest …
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.…