Detroit Shareholder Agreement Dispute Lawyers

The demise of many businesses is caused by internal discord. Serious disagreement at senior management or shareholder levels are disruptive and even destructive to a company as civil war is to a nation. The attorneys at Sommers Schwartz are combat-tested business litigators, with deep experience in various shareholder disputes among partnerships, corporations, limited liability companies, and franchises.

Shareholders and Their Disagreements

State corporation laws give shareholders certain rights, including the right to elect directors, to receive financial information, and to be protected against the artificial dilution of their investments through mergers and other transactions. Shareholder oppression occurs where some shareholders – typically the majority owners – attempt to disadvantage or squeeze out a minority shareholder.

In addition to suing the company or the controlling shareholders individually, some claims can be brought in what is know as a derivative suit, where one shareholder is allowed to seek relief for the benefit of the company as a whole. Special rules apply to these types of representative lawsuits, and they can be complicated. If you find yourself involved in any kind of corporate or shareholder dispute, you need to seek the aid and guidance of experienced counsel.

Sommers Schwartz attorneys have that experience, as well as a proven track record of results, including:

  • Grimes v. Fairfield Resorts, Inc., Case No. 05-cv-1061 (M.D. Fla.), successful challenge to a timeshare company’s “resort ownership point system”
  • Camden v. Kaufman, Case No. 96-531080-CZ (Oakland Co., Mich.), blocking the merger of a closely held corporation that would have cashed out the minority shareholders’ interests at an unfair price
  • Cicarell v. Provident Mutual Life Ins. Co., Case No. 96-0037 (Philadelphia Co., PA), blocking an attempt by directors to demutualize the company and deprive shareholders of the millions of dollars of corporate profits

Alternative Dispute Resolution

Because shareholder disputes can be so divisive, we are also adept at Alternative Dispute Resolution (ADR) proceedings such as mediation, arbitration, and facilitation. When possible, ADR is recommended over costly and time-consuming litigation that can result in court decisions that the parties may find inadequate and where the remedies are often limited and inequitable. Also, ADR frequently proves to be less damaging to the business, as well as to personal and familial relationships that are so important to preserve in many shareholder disputes.

Sommers Schwartz attorneys know that unresolved disputes between shareholders can be disruptive to normal business operations and can drain a company’s resources. The smooth continuation of your business is a high priority, and we have been instrumental in resolving numerous difficult issues while allowing businesses to carry on with minimal disruption. Our attorneys have been involved with a wide range of corporate and shareholder matters, and we’re here to help you however we can.

Contact a Sommers Schwartz attorney today to confidentially discuss your case and learn how we can help.

A Trusted Authority

Our attorneys have been featured on local and national media outlets, including:

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I was very impressed!

I want to express what a great job Tad did. He made me feel comfortable and important in his role and he was very supportive. I was very impressed.

My matter was handled and prosecuted above my expectations.

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You have become a valuable resource and trusted advisor.

You obviously took some time to understand my situation. You engaged me in meaningful conversation from the legal standpoint and presented my options, in a way that I could understand and therefore make an informed decision.

Andy Dragovic is an outstanding trial attorney!

I needed representation from an attorney who was empathetic and effective. Andrija Dragovic proved to be that attorney time and time again. He was clearly dedicated to finding justice, explored my options every step of the way, and respected all my decisions regarding the case.

I wouldn’t recommend anyone else.

I worked closely with Matt Curtis on a medical malpractice case – he went to bat for me every step of the way. I wouldn’t recommend anyone else.

I greatly appreciate your assistance throughout this process.

I’m happy to put this case behind me once and for all. I greatly appreciate your assistance throughout this process. Thank you, Tad! I’m happily employed now and am enjoying a fresh start.

Thank you for your assistance.

Thank you for your assistance which certainly contributed to the favorable outcome of my PIP. Although I hope the future does not require your services, I will certainly not hesitate to contact you.

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