Main Menu Main Content

Representation of Minority Shareholders in a Dissolution Proceeding of a Family of Very Lucrative Closely Held Corporation

Hodgson Russ LLP successfully represented minority shareholders in a dissolution proceeding of a family of very lucrative closely held corporations. After a disagreement among management, the majority shareholder fired one of the minority shareholders. The parties engaged in negotiations, but were ultimately unable to salvage the relationship. The minority shareholders then petitioned for dissolution and were awarded summary judgment. Thereafter, a trial date was set to value the minority shareholders shares. Ms. Hilliker engaged several experts including but not limited to a geologist, an art appraiser, and a forensic accountant to assist in conducting a full valuation of the corporations at issue. The matter settled favorably at trial.