by Staff of the Firm | Dec 1, 2016 | Business Management, Disagreement, Minority Shareholders, Multiple Owners, New York Law Update, Uncategorized
When Piazza filed a lawsuit seeking judicial dissolution of the company based on oppression, Gioia Jr. responded that the action triggered Piazza’s obligation to sell his shares under the shareholders’ agreement.[1] Indeed, the shareholders’ agreement provided that a...
by Staff of the Firm | Nov 29, 2016 | Business Management, Disagreement, Minority Shareholders, Multiple Owners, New York Law Update, Uncategorized
In Piazza v. Gioia,[1] Piazza and Gioia Sr. founded Kings County Waterproofing Corp. (KCWC) in 1979 and held 40% and 60% of the shares, respectively. Gioia Sr.’s son also worked for the company eventually became a 1/3 owner, along with his father and Piazza. Their...
by Staff of the Firm | Nov 22, 2016 | Business Management, Disagreement, Minority Shareholders, Multiple Owners, New York Law Update, Uncategorized
We write frequently about minority shareholder rights. Really frequently. We previously talked about Ritchie v. Rupe, a Texas Supreme Court case that made it harder for minority shareholders to bring lawsuits based on oppressive conduct by majority shareholders (see...
by Staff of the Firm | Apr 21, 2016 | Business Management, Delaware Law Update, Disagreement, Minority Shareholders, Uncategorized
In Calesa Associates, L.P. v. American Capital, Ltd., a group of minority stockholders of Halt Medical, Inc. (the “company”) filed a lawsuit for breaches of fiduciary duty in connection with a corporate transaction against current and former directors of the company...
by Staff of the Firm | Apr 14, 2016 | Business Management, Delaware Law Update, Disagreement, Minority Shareholders, Uncategorized
We write frequently about minority shareholder rights here. We started with Ritchie v. Rupe, a Texas Supreme Court case that completely changed the lay of the land by making it harder for minority shareholders to bring lawsuits based on oppressive conduct by majority...
