In this week’s New York Business Divorce, find out what happened when the majority shareholder petitioned to rescind the minority shareholder’s unauthorized sale of the corporation’s realty to a third party purchaser in violation of the court’s restraining order.
Continue Reading Bona Fide Purchaser Avoids Rescission of Minority Shareholder’s Unauthorized Sale of Corporation’s Realty
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Court Holds Shareholder in Contempt for Using Company Funds to Pay Legal Fees

By Peter A. Mahler on
Posted in Attorney's Fees, Interim Remedies
Controlling shareholders who oppose corporate dissolution proceedings may be tempted to use company funds to pay their legal fees. This week’s New York Business Divorce features a decision by Justice Orin Kitzes holding in contempt of court a majority shareholder who did just that, …
Continue Reading Court Holds Shareholder in Contempt for Using Company Funds to Pay Legal Fees