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Shareholder/Partnership Disputes

Assisted founder of Chicago-based company in litigation alleging that he was forced out of the company he founded and sought injunctive relief.  Case resulted in $17 million buy out of our client.  (Cook County, Illinois)

Represented a business and one of its shareholders in a jury trial in Will County (Joliet), Illinois. At trial we argued that a former shareholder of the corporation had breached her fiduciary duties by, among other things, working with a property management company and a neighboring business to misappropriate corporate assets. The jury found in favor of our clients on all counts which went to the jury, including conversion, breach of fiduciary duty, and aiding and abetting the breach of fiduciary duty. Compensatory and punitive damages were assessed against all five defendants, including the neighboring businesses (and its owners individually), the property management company (and individually against a physician who acted on its behalf), and our client’s former business partner. (Will County, Joliet, Illinois)

Tried to verdict a case where the plaintiff alleged that our client (a fitness company and its owner) had induced him to invest substantial sums of money into a business in exchange for the repayment of loans, ownership in a business, and other benefits. The Plaintiff had begun taking steps towards franchising the business and allegedly believed millions would be made. After that failed to occur, the plaintiff alleged piercing the corporate veil, breach of fiduciary duty, and sought a constructive trust over a new company that our client had formed. We were able to obtain the dismissal of our individual client before trial. The plaintiff proceeded to trial against the new company that our client had formed. At trial, we prevailed in demonstrating that there was no liability against the new company that had been formed. (Will County, Joliet, Illinois, Judge Petrungaro)

 

Represented a minority shareholder being squeezed-out of a professional firm and asserted claims for breach of fiduciary duty resulting in a successful settlement.

Defended a minority owner of several LLCs who was being deprived of information about his companies which led to a positive buy-out.

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