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Case Studies in Closely Held Company Disputes  

Edited by Andy Campbell, Chair of the Closely Held Companies practice group.

May. 30, 2019

Illinois Third District Holds That General Five-Year Limitations Period Does Not Apply to Court-Ordered Buyouts Under the Business Corporations Act

Illinois Third District Holds That General Five-Year Limitations Period Does Not Apply to Court-Ordered Buyouts Under the Business Corporations Act…

May. 24, 2019

Federal Court Solidifies Exception to Rule that More Stringent Standard Applies to Veil-Piercing Relating to Breach of Contract Claims in Illinois

By Yvette V. Mishev

Federal Court Solidifies Exception to Rule that More Stringent Standard Applies to Veil-Piercing Relating to Breach of Contract Claims in Illinois…

Mar. 21, 2019

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.…

Jan. 28, 2019

District Court Underscores the Importance of Suing the Correct Party in Action for Recovery of Distributional Interest

By Laura G. Jennings

District Court Underscores the Importance of Suing the Correct Party in Action for Recovery of Distributional Interest …

Jan. 16, 2019

Illinois First District Relies on Century-Old Precedent to Hold that Corporate Directors Have Presumptive Right to Inspect Corporation Books and Records

By Dana L. Taylor

Illinois First District Relies on Century-Old Precedent to Hold that Corporate Directors Have Presumptive Right to Inspect Corporation Books and Records…

Monte L. Mann
Dec. 21, 2018

Illinois First District Holds that Closely Held Shareholders Owe Each Other Fiduciary Duties Even When Settling Contested Litigation Among Them

By Monte L. Mann

Illinois First District Holds that Closely Held Shareholders Owe Each Other Fiduciary Duties Even When Settling Contested Litigation Among Them…

Oct. 26, 2018

Nebraska High Court Finds Owner-Agents Personally Liable Where They Failed to Disclose Existence of Corporation

By Carl M. Johnson

In Thomas Grady Photography, Inc. v. Amazing Vapor, Ltd., 918 N.W.2d 853 (Neb.…

Sep. 12, 2018

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.…

Aug. 31, 2018

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…

Jun. 29, 2018

Illinois Appellate Court holds Double-Dealing Executive Liable for Breach of Fiduciary Duties, Orders him to Forfeit Salary

By Laura G. Jennings

Illinois Appellate Court Holds Double-Dealing Executive Liable for Breach of Fiduciary Duties, Orders Him to Forfeit Salary…

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