Minneapolis Attorneys For Minority Shareholder Litigation
When business shares or the financial value of a partnership is on the line, closely held Minnesota corporations and other business entities require highly experienced legal counsel. If you are involved in any type of shareholder litigation, contact the attorneys at Faricy Law Firm, P.A.
Our Minneapolis lawyers for minority shareholder litigation represent corporations, limited liability companies (LLCs), majority shareholders and minority shareholders in business litigation involving:
- Squeeze-outs (forcing minority shareholders out or eliminating their interest)
- Freeze-outs (preventing minority shareholders from liquidating their investments)
- Shareholder oppression
- Wrongful termination
- Breach of fiduciary duty
- Unfairly prejudiced conduct
- Business dissolution
- Court-ordered "fair value" buyouts of ownership interest
Experienced Assistance With Shareholder Litigation
With decades of experience, we understand the unique aspects of Minnesota law that pertain to minority shareholders. For instance, should the company lose the case, the court may require it to pay the shareholder's legal fees in accordance with the Minnesota Limited Liability Company Act and the Minnesota Business Corporations Act.
Our attorneys are also skilled in business valuation, which plays a critical role in these types of cases. As your law firm, we will thoroughly investigate the level of contribution the shareholder made to the corporation, whether financially or in terms of skills and ideas.
Taking Proactive Steps To Prevent Shareholder Disputes
Faricy Law Firm, P.A., aids clients in preventing future contention by meticulously drafting Minnesota buy-sell agreements and partnership agreements upfront. Depending on our clients' needs, we can draft shareholder buyout agreements that require minority shareholders to sell back ownership interest under specific conditions or that set forth specific valuation formulas to avoid an undervalued business.
Call Our Minneapolis/St. Paul Lawyers For Business Valuation And More
To schedule a free initial consultation, call the Minneapolis office of Faricy Law Firm, P.A., at 612.371.4400, or contact the firm by email.