Key Takeaways ⚖️ Charging liens give attorneys a legal stake: Attorneys have common law and statutory security interests in their clients’ recoveries . Attorneys have common law and statutory security interests in their clients’ recoveries. 📄 Statutory lien triggers and enforcement: A statutory lien arises when a lawyer files... read more
In valuing the shares of a minority shareholder, a trial court must consider any valuation technique that is generally acceptable in the financial communities. Determining fair value is an art, not a science. Directors that hold a majority interest in a closely held business have a duty to deal... read more
The prior owner of a woman-owned business will be required to pay upwards of $500,000 to an oppressed shareholder after a trial court found — and the Appellate Division confirmed — that she had entered into a valid agreement to transfer her shares in return for an agreement that... read more
An oppressed minority shareholder was awarded approximately $750,000 in attorneys fees and expert expenses — some eight times the amount of the buyout — even though the majority had good reason to fire him from his position as the corporation’s CEO. Fee Award Under Oppressed Shareholder Statute to Selling... read more
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