Minority Squeeze Out Attorney in Langhorne, Pennsylvania
Can you tell us about a minority squeeze out case you handled?
Can you tell us about a minority squeeze out case you handled?
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sure and I’ve handled I’ve handled many
minority uh squeeze out cases both in um
in Pennsylvania New Jersey and in state
and federal courts what we see in
minority squeeze out cases and one that
comes to mind was simply a matter in
which after bringing on a a junior I’ll
call a junior owner of a business and uh
benefiting from many many hours of uh of
Labor and and allowing that that Junior
owner to run run a business the majority
or senior owner essentially pulled the
rug out and attempted to avoid providing
the uh the benefits that the junior
owner minority owner had earned there
are uh you know various ways that a
majority owner can uh can go about
trying to do that but essentially it
comes down to treating the minority
unfairly and using the majority control
of the business in a way to prevent the
minority owner from receiving the fruits
of his bargain in those sorts of
situations the the law provides a remedy
and what we were able to do in one
particular case I’m thinking about is
explain to the jury on about a half
about a half dozen ways that the
majority owner had acted in bad faith
and to enrich himself at the expense of
the minority owner and I’m glad to say
that in a case that was pretty comp
applicated uh a Suburban jury in
Philadelphia returned a verdict in favor
of the minority owner not only
compensating him for the loss of Damages
the loss of earnings that he should have
made but also requiring the majority
owner to buy the minority out of
business for fair value
Philadelphia, PA commercial litigation attorney Stanley Cheiken talks about a minority squeeze out case he handled.
