A 2-against-1 battle between sibling co-owners of a third-generation family business leads to an interesting decision by Justice Duane Hart concerning a disputed stock buyback, highlighted in this week’s New York Business Divorce.
Continue Reading Court Rejects Majority’s Gambit to Compel Buyback of Shares in Family-Owned Business

Renowned business appraiser Chris Mercer has written a book called Unlocking Private Company Wealth that’s must reading for business owners and their advisors who should be concerned about wealth management and ownership transition for the closely held and family business. Read more in this week’s New York Business Divorce.
Continue Reading Chris Mercer on Unlocking Private Company Wealth

This week’s New York Business Divorce features Part One of a two-part online interview with law professor Benjamin Means, who has written a number of scholarly articles on shareholder oppression, and whose most recent article, called Non-Market Values in Family Businesses, applies Ben’s critical analysis to the special considerations attendant to oppression actions and conflict resolution within family-owned businesses. You won’t want to miss it!
Continue Reading Interview with Law Professor Benjamin Means on Conflict in Family-Owned Businesses: Part One

Dissension between members of a family-owned business can present especially difficult issues when litigation erupts. This week’s New York Business Divorce highlights recent decisions by Justices Timothy Driscoll (Nassau County), Emily Pines (Suffolk County) and Deborah Kaplan (Manhattan) involving dissolution and related claims among warring family members.

Continue Reading A Toxic Mix of Family and Business