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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Gratitude for Rob Sickels

When our world was shattered by an unexpected medical diagnosis, we were referred to Rob Sickels of Sommers Schwartz. What a blessing to get this referral as Rob listened to us with caring and compassion, spent all the time necessary to help us, was always honest with us about our…

A Grateful Client Talks About Dina Zalewski

Dina never lied to us and was very straightforward. I feel like she took me under her wing. She got me through something that I thought was going to be incredibly difficult for me to relive. Dina felt like a friend, somebody I could trust and look to for guidance….

About Dina Zaleski, Rick Groffsky, and Andy Dragovic

Dina, Rick, and Andy were amazing lawyers. They helped me through an incredibly difficult time in my life after losing my son. I wanted answers on why, and they helped me through the whole process and they got me answers. After I lost my son, I was severely depressed. Every…

A Medical Malpractice Client Recommends Matt Turner

Matt Turner and his whole staff have acted very professionally, respectfully, and responsively to my every need. I highly recommend him to represent you in any legal matter you may have. Thank you again for all your help and guidance.

Appreciation for Mary Pat Rosen

I want you to know how much I appreciate you and your staff’s kindness and desire to find justice for my husband. Life certainly has it’s turns and twist and we must learn to move with them to embrace peace and new beginnings.

Although a Claim Couldn’t Be Brought, a Client Told Mary Pat Rosen Meyers…

Thank you again for looking into everything, and we understand entirely that your hands are tied due to the statute of limitations in Michigan. We greatly appreciate both the effort you and your staff put in and the professionalism and kindness with which you did it.

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…

Our Clients Say It Best

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