Majority ownership gives a shareholder substantial influence over a company. It does not necessarily give that shareholder unrestricted authority to extract value from the corporation or disregard other owners’ rights.
business litigation attorney NYC
When Can a Shareholder Challenge a Decision Made by the Board?
Corporate board directors are protected, but they are not immune. Serving on a corporation’s board of directors carries significant authority and equally significant legal responsibility.
When Does Poor Performance Become a Breach of Contract?
Not every disappointing result is a lawsuit, but some failures cross the legal line. Every business has experienced the frustration of working with a vendor, contractor, consultant, or service provider that did not meet expectations. A project runs over budget, misses deadlines, communication deteriorates, or the final product falls short of expectations. While these situations […]
Who Gets the Client Relationship? Partnership Disputes Over Customers and Business Opportunities
When business owners separate, client and customer relationships often become the most valuable asset in dispute. For many businesses, the most valuable assets are not equipment, office space, or inventory. They are the relationships, goodwill, and future business opportunities the company has spent years developing. When partners, members, shareholders, or co-owners decide to part ways, […]
What Can Your Business Do When a Service Provider Fails to Deliver What Was Promised?
When a service provider materially fails to perform its contractual obligations, your business may have legal remedies.
What Happens When a Business Partner Stops Pulling Their Weight?
Equal ownership does not always mean equal effort. Many businesses begin with partners who share a common vision and a commitment to building something together. Over time, however, those contributions can become uneven. One partner may continue working long hours, bringing in clients, and managing day-to-day operations, while the other contributes significantly less or stops […]
Can You Obtain Documents From Someone Who Is Not a Party to the Lawsuit?
Some of the most valuable documents in a business lawsuit are often in the possession of third parties, such as banks, accountants, vendors, customers, technology providers, or former employees. Used strategically, third-party discovery can fill evidentiary gaps, corroborate key facts, and significantly influence the outcome of a case.
Why Discovery Often Determines Whether a Business Litigation Case Settles
Most business lawsuits do not settle because someone changes their mind. They settle because discovery changes the parties’ understanding of the case.