January 19, 2023 | The Legal Intelligencer
In Pennsylvania, Manufactured Deadlocks Are Unlikely to Trigger Judicial DissolutionIn disputes among the owners of a closely held company, involuntary judicial dissolution is the nuclear option.
By Edward S. Robson
8 minute read
December 30, 2022 | The Legal Intelligencer
Pa.'s Alternative Path for Minority Shareholders Who Can't Pass 'Adequate Presentation' TestThe rule, besides explaining what a derivative complaint must include, prevents a plaintiff from bringing a derivative lawsuit if the plaintiff "does not fairly and adequately represent the interests of shareholders or members who are similarly situated in enforcing the right of the corporation or association."
By Edward S. Robson
9 minute read
September 13, 2022 | The Legal Intelligencer
Sellers Beware: Sandbaggers Welcomed in Pennsylvania and Delaware"Sandbagging" is the term used to refer to what happens when a buyer, who enters an agreement knowing that one or more of the seller's representations or warranties are not true, brings a post-closing lawsuit against the seller regarding a breach of those same terms.
By Edward S. Robson
10 minute read
January 19, 2022 | The Legal Intelligencer
Court Channels Spider-Man: In Business Partnerships, Great Power Comes With Great ResponsibilityGiven the dark clouds that quickly form overhead as tensions increase among partners in a partnership, one would assume it would make good business sense, if not common sense, for those partners to look out for each other.
By Edward S. Robson
9 minute read
December 28, 2021 | The Legal Intelligencer
Reasons Closely-Held Companies Should Consider Installing Boards of DirectorsFor some owners of closely-held companies, installing a board of directors may seem more painful than cutting off one of their pinkie fingers.
By Edward S. Robson
8 minute read
August 25, 2021 | The Legal Intelligencer
Recent Decision: Fiduciary Duty Exists Between 50-50 Business Co-OwnersThere is arguably no more prevalent legal claim in business divorces than a claim of breach of a fiduciary duty. Simply put (and I do mean simply), when one person owes a fiduciary duty to another, the person with the duty must act in the best interests of the person to whom they owe the duty.
By Edward S. Robson
8 minute read
April 30, 2021 | The Legal Intelligencer
Civil RICO in Pennsylvania Business Divorce Cases: A Hammer Without a Nail?When legal disputes between owners of closely held companies turn the corner past "Let's resolve this issue without litigation" and head toward "See you in court," the owners and their lawyers typically begin jockeying for the upper hand in a potential lawsuit.
By Edward S. Robson
11 minute read
January 13, 2021 | The Legal Intelligencer
'Universal Demand' Requirement: A Hazard for the Unwary Business Divorce PractitionerIn many states, including Delaware, a potential plaintiff is not required to make a pre-suit demand when the board is not capable of making an independent decision—typically because board members are accused of wrongdoing themselves.
By Edward S. Robson
7 minute read
September 25, 2020 | The Legal Intelligencer
Getting Your Hands Around a Just-Out-of-Reach StructureMany transactional attorneys view the fiduciary duties that flow from those in control of a company—officers, directors, managers, general partners and majority shareholders—to those not in control to be a nuisance because of the uncertainty they introduce into corporate transactions.
By Edward S. Robson
7 minute read
July 22, 2020 | The Legal Intelligencer
'Attorneys' Eyes Only'—You Can't be SeriousConfidentiality agreements have become a ubiquitous feature of commercial litigation. This is due, in part, to the expansion of e-discovery and the exchange of ever-increasing numbers of documents.
By Edward S. Robson
7 minute read
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