For the Public

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

Starting a business partnership can be an exciting time of planning and dreaming about your shared vision for the new venture. Even as you’re discussing the weaknesses in your business plan and threats in the market, it’s easy to ignore or shelf discussions about potential negative issues that may arise between the partners themselves. Noticeable differences aside, new business partners

Courts across the country, including Minnesota, Iowa, Wisconsin, and Arizona (Minnesota – Janssen v. Best & Flanagan, 663 N.W.2d 876 (Minn. 2003); Iowa – Oberbillig v. West Grand Towers Condominium Association, 807 N.W.2d 143 (Iowa 2011); Wisconsin – Einhorn v. Culea, 612 N.W.2d 78 (Wis. 2000); Arizona – United Dairymen of Arizona v. Schugg, 212 Ariz. 133 (Ariz. Ct. App. 2006)), “recognize the authority of corporate directors and want corporations to

Most commercial litigation these days does not proceed to trial. The costs. The risks. The desire for peace and finality. Each of these has resulted in the vast majority of business litigation resolving short of trial – somewhere north of 95% of such cases. While it is vitally important to prepare each case as though it will proceed to finality

VEIL PIERCING IN THE LLC CONTEXT: One trademark feature of the corporate business organization is limited liability for shareholders, in which shareholder liability for the corporation’s contract or tort obligations is generally restricted to the amount of that shareholder’s capital contribution. In this regard, a corporate veil protects shareholders’ personal assets from the reach of the corporation’s creditors. A judge,

What Is Shareholder Oppression? What is a shareholder oppression claim in Minnesota, and what options do you have if you find yourself needing to bring or defend such a claim in Washington County or other Courts of our State?  Shareholder oppression claims can help remedy a shareholder that has been squeezed out or been the subject of unfairly prejudicial conduct