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Parents often take pride in holding their children in equal regard, so those who hand down a business will likely award equal shares. On the surface, this would seem fair. But look a little deeper, and that decision of equal ownership may be a lethal blow to the...
Running a growing business is challenging in the best of times. Yet few actions are more devastating than discovering that a partner is stealing from the company. They may rationalize it, but taking assets without authorization, misappropriating funds, or committing...
Creative solutions to complex business problems often are generated by looking at things from a completely different perspective. That sounds easier than it is in many situations. Owners, CEOs and other business executives are engrossed in the day-to-day management of...
Business partnerships are a lot like marriages when they are successful. Similarly, they can be spectacularly ugly when the partnership falls apart. Assuming that all attempts by the partners to find a fair and equitable solution on their own were unsuccessful, it is...
A business owner may face a lawsuit during the course of their business due to disgruntled employees, unsatisfied customers, or competitors. Common business lawsuits involve partnership disputes, contract disputes, employment litigation, insurance coverage, and...
The health of a company can be jeopardized due to litigation between majority and minority shareholders. The shareholders holding most shares in the corporation are called majority shareholders while minority shareholders own less than 50 percent of the company’s...
A court may order a party to conduct a specific action or prohibit it through an injunction. An injunction is an equitable remedy. The party who requests an injunction must indicate that there are no other legal remedies available. Courts, when issuing injunctions,...
Often, disappointment over how a will is drawn or distributed to heirs is cause for disputes in complex trusts. Trust administration includes navigating sensitive family dynamics, further complicating resolution of disputes. The disappointed heirs may not be able to...
Wawa, the operator of over 850 convenience stores, is facing a potential class action lawsuit over consumer data breach. Wawa is accused of failing to adequately prevent hackers from installing malware on its computer systems. Currently, there are several lawsuits...
Litigation involving defective construction includes failed construction projects or deficiencies in the design or engineering of buildings and other construction. When an apartment building has plumbing issues or a bridge collapses, the ensuing litigation involves...