Mobile Shareholder Derivative Suit Lawyer
At Burns, Cunningham & Mackey, P.C., our Mobile, Alabama commercial litigation lawyers help resolve shareholder disputes. We are experienced attorneys who understand this area of the law – corporations or limited liability companies. We understand the issues that create tension between partners and call tell you whether those disputes can be the basis for a lawsuit. We have an impressive track record of past commercial and business litigation successes and have served the needs of small and medium-sized businesses throughout Alabama and Mississippi.
While we always explore the possibilities of settlement, we have extensive courtroom experience at both the federal and state levels and are more than willing to try your case. Our commercial litigation lawyers know that an aggressive approach to solving shareholder disputes is usually the best strategy.
That said, by listening to your needs and thoroughly understanding your goals, we often find cost effective, unique resolutions to disputes that can lower the expense and time of litigation. Reach out to us to learn more at 800-574-4332 and let us evaluate your situation.
What Is a Shareholder Dispute?
Shareholders and directors are required to act in the best interest of their corporation. When they do not, it is the obligation of those directors to bring litigation on behalf of the other shareholders. In small entities, the wrongdoer is often the majority owner or owners and there is no interest in doing right. Examples of wrongful conduct include usurping corporate opportunities, taking unauthorized dividends or committing waste of the company’s assets. More on that below.
When this takes place, and the majority does not bring the appropriate litigation to protect the interests of other shareholders, the minority shareholders can pursue this litigation, known as a shareholder derivative suit. It is brought by and on behalf of the company and seeks to cause the wrongdoing shareholders and/or directors to answer for their misconduct.
Shareholder derivative actions may range from any of the following or a combination of the following: shareholder disputes against owners, shareholder disputes against managers, appraisal rights, self-dealing or usurpation of a corporate opportunity (pursuing business opportunities for one’s personal benefit that conflict with the best interests of the company), the rights of minority owners. owners may also get into disputes regarding executive compensation, buyout agreements, buyout rights, corporate deadlock disputes, or breaches of fiduciary duty. Whatever the issue, our team is available to help.
What Will an Alabama Shareholder Dispute Lawyer Provide?
Burns, Cunningham & Mackey, P.C., will champion your cause with the utmost professionalism and diligence. You are in trusted hands with our team of professionals. Whether you need routine legal advice regarding a shareholder agreement or representation to protect your interests, contact a Mobile shareholder suit attorney to learn more about the process and discuss your specific facts. We do not charge a fee to evaluate your case.