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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Your ability, understanding, and compassion are truly remarkable.

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

Ken Watkins and his staff did a wonderful job

Ken Watkins and his staff did a wonderful job and were very understanding of my sensitive situation.

I want to express my sincere thanks to you.

I want to express my sincere thanks to you for getting justice for my son and restoring my hope in humanity. After his death, I labored for over one-and-a-half years to find an attorney to file the case. I am grateful to you and your firm for your unwavering belief in this case.

They are an awesome team and I would recommend them and their firm to anyone.

I contacted Sommers Schwartz to join a class action suit. Kevin Stoops and his assistant Veronica Stewart took my case and walked me through all the documents that I had to sign, explained everything to me, and won my case!

There is no one that will harder than attorney Jason Thompson.

There is no one that will harder than attorney Jason Thompson. He and his staff will work with you to make sure they get the best settlement possible.

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.

I am so grateful to have had Mr. Matt Curtis help me with my very tough case.

This is my first time working with an attorney and I am so grateful to have had Mr. Matt Curtis help me with my very tough case. Many well-known lawyers across the state wouldn’t take my case but Mr. Curtis gave it his all. He is a very hard worker and so driven. If it wasn’t for his dedication, I wouldn’t be where I am today.

Your Honor, may we please be provided a calculator?

Your Honor, may we please be provided a calculator? – Note to a judge from the jury in a railroad injury case handled

I will recommend you and your firm’s services to my friends and family.

Dan, I was very satisfied with the services you and Tad provided to me. The most important item for me was you both responded to my questions and inquiries quickly. I appreciated that aspect of your service.

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