Scenario 1: A father owns a distribution business and brings his two sons on board. After 10 years, he dies, leaving the business to the two brothers, who do not get along. The younger brother abruptly leaves about six months later to start a competing business. The older brother remains and gets a court injunction against his brother’s poaching the distribution business’ clients. But the younger brother approaches the clients anyway and is somewhat successful in luring them away. The customers, seeing internal fighting and a breakup, dwindle. The business is sold with each brother getting one-half. The older brother sues the younger brother for a decline in revenue of the distribution business from the time he left until the sale, and for encroaching on its customers.
Scenario 2: A father starts a personal injury law firm with others. His two sons become lawyers and join the firm, moving up the ranks, as time goes on. The younger son is more aggressive, becoming managing partner and greatly expanding the firm. He sees his older brother as “dead weight” and wants him out. The father is elderly and says “no” but the younger brother feels it is his firm now and that he is the boss, and insists. The father and two sons are at loggerheads over this and look to the litigation system to provide answers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]