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 will always recommend Mr. Watkins and Sommers Schwartz.

After meeting Mr. Watkins in person and working with him during the proceedings, I realized that the words in his website bio were true. He is a FIGHTER for his clients. No matter what time of day I called, he immediately returned my call. I am glad I made an EXCELLENT decision in selecting him.

You have no idea how much you and your team have helped me.

My husband and I had taken the advice of someone else over yours – only to later regret it. You got the results we wanted in three days after we wasted 7 weeks with someone else. You have no idea how much you and your team have helped me, and…

We are pleased!

We are pleased with the job that you have done for us, especially with respect to your thoroughness and professionalism! You both presented yourselves in a genuine and professional manner, and this is precisely why we retained you.

Words from a Grateful Client

I wanted to thank you for your assistance in my overtime hours situation Your expertise and professionalism were excellent. Thanks again for everything!

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.

There are no words for my gratitude.

I want to thank you again for what you have done for my family. There are no words for my gratitude. I will forever be grateful.

For five and one-half years you never tossed in the towel.

The very fact that you maintained and were able to share a belief in my unique circumstances was remarkable along with your stellar professionalism. You delivered and you have my deepest appreciation for your efforts.

You have really been fun to work with and are so down to earth.

I just wanted to say congratulations – I know you guys have worked very hard on my lawsuit. While there are attorneys who make the client feel like a cardboard box and afraid to say anything, it is easy to talk to you!

We ALWAYS received excellent service.

We were impressed with how the case was handled for my mom. Mr. Watkins exposed details of negligence that we were not aware of. After meeting him the first time, I had no doubt he was the perfect attorney to handle the case.

Our Clients Say It Best

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40 5-star reviews on Google