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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We are so thankful this firm was recommended to us!

Robert Sickels and his whole team went above and beyond while caring for us, They truly go the extra mile.

After our first meeting with attorney Matt Curtis, our feelings of frustration, defeat, and helplessness were diminished.

Matt’s knowledge of the law concerning medical malpractice and his compassion for my husband’s situation gave us the boost we needed to stand up and be heard! I am so grateful that my husband felt validated and energized throughout his time meeting with Mr. Curtis because, in February of 2021, he…

I couldn’t have asked for better representation and counsel.

Thank you, Tad Roumayah, for representing me on my severance agreement. The entire negotiation was handled efficiently and in an extremely professional manner. I couldn’t have asked for better representation and counsel.

My wife and I wanted to send you our deepest gratitude for your work on our family’s behalf

Even though it doesn’t change our daughter’s condition, it will make going through some of the challenges she will face less burdensome from a financial perspective. We appreciate your professionalism, Rick Groffsky – you are truly a master of your craft.

Matt Turner was a guiding light through my lawsuit.

Going through the legal process was foreign and nerve-racking for me but I was able to garner confidence from my attorney. I am fully confident he was the key factor in the success of my outcome.

Your ability, understanding, and compassion are truly remarkable, Rob Sickels.

Your ability, understanding, compassion and at time dispassionate way of speaking for those who no longer can speak for themselves are truly remarkable.

I will be happy to recommend Sommers Schwartz to anyone who needs legal help.

You and your team handled everything so professionally and have been so personable and compassionate. In particular, your paralegal was wonderful to me, showed me and others such empathy, and made everything so smooth. I will be happy to recommend your firm to anyone who needs legal help.

Thank you for looking out for me, and having my back.

Thank you, Arvin Pearlman, for trying to win. Thank you for putting in as much time as you did. Thank you for being patient with me. You made a big impression on me.

Our Clients Say It Best

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