RD Business Transaction attorneys provide representation in connection with minority shareholder oppression. This corporate action takes place when a shareholder or a group of shareholders who own a majority of a company’s shares use their control to operate the company for their advantage at the expense of minority shareholders. In this instance, there is likely a change in the standards of fair practices and an abuse of those practices to which shareholders are accustomed. Oppression is created as a result.
Several key examples of oppressive acts include:
- Limited ability to be involved in company decisions
- Removal from management
- Dilution of minority shares
- Removal from profit participation
- Change in the foundation for how a company relationship began
- Change in business practices
To learn more about this practice and to seek legal counsel, contact Thomas Pierce. Yardley, Jr,
RD attorneys are trusted advisors to corporate law professionals seeking legal services in all corporate related matters.