Handling a business is no piece of cake – it can have its own kind of ups and downs. Sometimes, your business may go through litigations internally or from third parties. Generally, a shareholder can only sue on behalf of a corporation when the defendant has made some crimes which would be harmful for the organization. This is called a shareholder litigation and usually happens when the defendant in the suit is someone close to the company, like a director or a corporate officer. If the suit is successful, the proceeds go to the corporation.
At Bizvalue, our team of professionals have extensive experience in all kinds of corporate and shareholder litigation. We are able to offer seamless advice across all industries. With years of experience in this job, we are ideally suited to defend companies facing litigation relating to their operations all over the world. We provide our services to Nassau County NY, New York City, New York County NY, Raleigh NC and Suffolk County NY. If you are interested in our services, contact us today.
Here are some more reasons which could lead to shareholder litigation:
- Fraud or unlawful activity
Any kind of fraud or unlawful activity internally can bring a lot of harm to the face of the corporation. These could include accounting wrongdoing, self-dealing or greed, waste of corporate assets etc. Especially, if the harm is caused by someone in the higher levels. Not only will this type of activity cause the corporation to face lawsuits from third parties, but will also hurt the business operations of the company in the long run.
- Conflict of interest
Sometimes, lawsuits can arise not due to illegal activities but due to conflict of interests among the shareholders. In such cases, any shareholder can call for a shareholder litigation in court to sort out the matters.
So. if you are interested in our services, contact us today.