Home > Uncategorized > Business Law Update: Michigan Supreme Court’s July 15, 2014 Shareholder Oppression Decision

Business Law Update: Michigan Supreme Court’s July 15, 2014 Shareholder Oppression Decision

Happy Monday!

 

On July 15th the Michigan Supreme Court came out with its much anticipated (at least in the legal community) decision in Madugula v Taub, dealing with the Michigan shareholder oppression statute.

 

This decision was much needed to clarify some vague areas in the statute, including:

 

Is a shareholder entitled to a Jury Trial if he sues under the Act?

 

Is a shareholder’s breach of the Bylaws just a “breach of contract” claim, or can it be evidence of “oppressive” conduct?

 

Is there oppression when a shareholder has been fired from his employment, but still retains a seat on the board of directors?

 

See my guest blog post from Grand Rapids Area Professionals for Excellence on this topic by going to the link here

 

Questions? Comments”

Email: Jeshua@dwlawpc.com

http://www.dwlawpc.com

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Categories: Uncategorized

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