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Nov 23, 2020

If Your Partner Won’t Give You (Accurate) Information, Subpoena the Accountant

The key to winning a shareholder oppression case can sometimes be as simple as getting the information you need; and the key to that can sometimes be a reluctant accountant. Often, the company’s accountant will have the key to the case because he or she knows “where the bodies are buried.” » Read More

Mar 18, 2019

Minority Shareholders Don’t Always Have a Right to Information

There appears to be an uptick in the filing of meritless corporate shareholder and LLC member oppression claims in New Jersey.  Not everything that majority shareholders do that upsets a minority owner is worth spending legal fees to pursue.

When the only allegations one can make are a failure to keep an absentee shareholder fully informed of all business transactions, and a failure to obtain that minority shareholder’s consent to such transactions, that alone is rarely a recipe for successful litigation.  » Read More

May 28, 2013

Ability to Access Financial Info Is Broader in Practice than Law Technically Provides

Shareholder disputes often arise because of a lack of information being disclosed by the majority to the minority shareholders.  In New Jersey, there are limitations as to what financial documents must be shared with minority shareholders.  However, most of the time business owners believe that their business partners should share more information than the bare minimum dictated by law. » Read More