Family-owned Business; Estates; Shareholder Action
Soon after the death of the president of a family-owned business, a dispute arose between the estate and the family shareholders as to who had legal authority to control the business. The surviving shareholders, who held a slight majority of the stock, also alleged that the deceased had looted the company, and they sued his estate. The Firm was retained by the Executor to represent the estate, and negotiated a favorable buy-out of the estate's holdings without extensive discovery or expensive litigation.
