Shareholder Disputes

The Tooley test, adopted from Delaware law, helps New York courts determine whether a shareholder's claim is direct or derivative. It asks two simple questions: Between the shareholders and the corporation, who suffered the alleged harm? Who would receive the benefit...

While some businesses may run under the sole operation and possession of one party, other businesses could list several parties under the category of ownership. If you and several other business acquaintances each own stock in a company, you could fall under the...

Charged with looking out for the health of a business, shareholders play an important role in the life of many businesses. When a disagreement arises between shareholders, there are often no easy answers and resolving the matter can be difficult. Recently the...