Stone

Undocumented Stock Interests Invite Challenges to Standing in Corporate Dissolution Cases: Part Three

By Peter A. Mahler on March 23, 2009

Posted in Dissolution Defenses, Standing

In the last of a three-part series on disputes over stock ownership in corporate dissolution cases, this week’s New York Business Divorce examines a case decided by New York County Justice Lewis Bart Stone involving a fight between three family members, each of whom took a different position over the ownership of the company shares.
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Continue Reading Undocumented Stock Interests Invite Challenges to Standing in Corporate Dissolution Cases: Part Three

The Case of the One-Dollar Buyout

By Peter A. Mahler on December 7, 2007

Posted in Buyout, Valuation

Under Section 1118 of the Business Corporation Law, when a minority shareholder files a petition for judicial dissolution of a close corporation based on oppressive conduct by the controlling shareholders or directors, the respondent shareholders may avoid dissolution by electing to purchase the petitioner’s shares for fair value.

I recently got a call from…