Minority Shareholder Fiduciary Obligations – Are There Any?
FIDUCIARY DUTIES: Long ago, the United States Supreme Court held that majority shareholders “have the right to control; but when it does so, it occupies a fiduciary relation toward the minority, as much as the corporation itself or its officers and directors.” S. Pac. Co. v. Bogert, 250 U.S. 483, 487-88 (1919). But what about minority shareholders? Do they owe