Commercial Shareholder Disputes Attorney in Minneapolis, Minnesota

Asserting Minority Shareholder Rights

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Typically you try to start a dialogue. If you’re representing a minority shareholder who feels the other, majority, are treating them unfairly, you try to initially start a dialogue by putting them on notice that you think they’re not – they’re breaching their fiduciary duty to you by first sending a letter perhaps to them outlining why you think they’ve done things that are unfairly prejudicial to your rights. Putting the corporate lawyer on notice. Letting them know that you think they’ve perhaps done things like wasting corporate assets. And really, trying to start a dialogue initially. And if that doesn’t work, you may end – have to end up bringing a lawsuit.

Minneapolis commercial litigation and professional liability attorney Barry O’Neil discusses the procedure for asserting minority shareholder rights.

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