While a minority shareholder’s livelihood may be at stake in a case of minority oppression, such a case can have huge implications for the liability of the company, as well as for the majority shareholders.
Shareholders in a corporation owe special types duties to the company and to one another. These shareholder duties are known as fiduciary duties. The majority shareholders of the corporation owe duties to the minority shareholders, and vice-versa. All company shareholders owe their shareholder duties to the company, as well.
In the context of a closely-held corporation, the shareholders’ duties become especially important, and company disputes about minority oppression can become deeply personal. If the shareholders or partners are unable to come to terms over critical issues, business litigation often become necessary to protect the company or a shareholder’s rights. When that happens, it is essential to retain a company attorney or corporate lawyer who is skilled in business litigation.
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Call us today at (206) 209-0069 (in Seattle) or (503) 224-9946 (in Portland). We recognize how much is at stake in minority oppression cases, and we leave it all on the field to help our clients. When you face a company dispute, see what our strategic, committed advocacy can do to protect you and your company.