It was the stuff of which a good minority oppression claim is easily cooked up.  The party in control of the corporation had used the corporate bank accounts as his personal piggy bank while operating a competing business, paid...
The modern trend is business relationships is to allow the owners of an enterprise to contract among themselves in almost any manner they choose and order their own affairs as they see fit.  We see this in the law...
An Illinois appellate court affirmed a finding of breach of fiduciary duty and the expulsion of a limited liability company member under a version of the Uniform Limited Liability Company Act. The case is of interest for the way...
The three majority members of a five-member limited liability company decide that they want to take a major action, such as selling the assets of the business or buying another business. They present the decision to the minority and proceed...
A family business dispute is not shareholder oppression when the majority shareholders refuse to buy out minority members not receiving dividends

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