Minneapolis Business Litigation and Real Estate Attorney Brent Johnson discusses various issues that arise in shareholder disputes.
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So common issues are, if owners are in a disagreement, oftentimes one of the owners – his or her employment is terminated. And now they’re an owner who has no day-to-day communication with the company, and they want to be bought out.
If there’s not a good agreement in place, then the question becomes, “What’s the process for the buyout? And what’s the process for valuing the shares?” That’s a very common dispute. Another dispute can arise where an owner of the company maybe goes and takes some corporate opportunities for herself or perhaps goes to work for a competitor. And then that also is a very common form of shareholder dispute.