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Corporate Litigation Disputes
Our New Jersey lawyers handle complex litigation involving disputes between shareholders of closely held corporations and members of limited liability companies. No matter how well written a shareholder agreement or operating agreement is, disputes between shareholders, members and partners in small to mid-size corporations and limited liability companies can arise at any time and for a variety of reasons.
Considering that business divorce cases usually arise among partners who once trusted each other – whether family members, or long-time friends or co-employees who worked together in building the company – it highlights the fact that no one is immune from these types of lawsuits. And whether business divorce litigation arises because a minority shareholder has been terminated or “frozen out” of the decision-making process, one owner embezzles funds, or simply results from the egotistical “power trip” by the majority shareholders, this type of litigation is often bitter, emotional, time consuming, and costly.
Our New Jersey business litigation attorneys have been in the trenches in these types of cases, vigorously defending the rights of both plaintiffs and defendants in business-related disputes and litigation in the Chancery Division of the Superior Court of New Jersey, including shareholder derivative suits started by one faction of shareholders over another due to malfeasance, fraud, embezzlement, breach of fiduciary duties, and breach of the duty of loyalty.
A few of the more recent shareholder dispute litigation cases we have handled in the Superior Court of New Jersey, Chancery Division include:
- McAlpine, et al. vs. Mountain Accessories, Inc., et al., Superior Court of New Jersey, Chancery Division, Bergen County, Docket No.: C-320-09. Click here to read the Amended Complaint that we filed in this shareholder derivative action. Ultimately, the case resulted in the criminal conviction of the company’s ex-president, a judgment for restitution, and a settlement which required the ex-president to forfeit his shares in the company.
- Rochat, et al. vs. Rochat, Superior Court of New Jersey, Chancery Division, Somerset County,Docket No.: C-12048-12. In this case we defeated the plaintiffs’ order to show cause seeking to impose an injunction in the form of a constructive trust over the shares owned by our clients in a family real estate business. We succeeded in persuading the court to deny the plaintiffs’ application. The case thereafter settled at mediation.
- AYL Inc. vs. Space Odyssey, LLC, et als., Superior Court of New Jersey, Chancery Division, Bergen County, Docket No.: C-365-12. Click here to read our brief filed in opposition to a disgruntled limited liability company member’s request for temporary restraints against our corporate client.
If you or your business requires assistance in connection with a business or shareholder dispute, please contact our experienced New Jersey business dispute litigation attorneys today and one of our lawyers will respond to your inquiry within 24-48 hours. For urgent matters please contact us at (201) 498-0400.
Our New Jersey civil litigation practice extends statewide, and includes cases brought in the Superior Court of New Jersey in Bergen County, Essex County, Hudson County, Mercer County, Middlesex County, Morris County, Passaic County, Somerset County, Union County, and elsewhere in the Garden State.