Disputes in the context of closely held businesses create challenges that require counsel to understand not just the legal issues involved, but also the client’s business model, capital structure and ownership dynamics. With experienced counsel knowledgeable about these unique problems, Shook, Hardy & Bacon can handle any active or threatened litigation in the most efficient manner possible to allow the business to continue operating successfully.

Our attorneys advise clients involved in closely held business disputes – from advocacy through trial and appeal, to pursuing alternative dispute resolution where appropriate. We approach each case with flexibility and dedication to craft innovative and strategic solutions that meet our client’s business objectives.

Representative Cases

Represented majority owners of general partnership that owned real estate interests nationwide. We defended the owners in a AAA arbitration in which the minority owners brought claims for breach of fiduciary duty and fraud related to compensation received by the majority owners. The case settled favorably following evidentiary hearings in the arbitration and related court proceedings.

Represented member of LLC that operated nursing home facilities in suit against managing member who had misappropriated company assets. Prevailed on RICO claims, receiving a judgment for treble damages and attorneys’ fees.

Defended owners of a proprietary trading firm in suit by former employees who claimed they were entitled to an equity stake in the business pursuant to an unsigned contract. Case settled favorably in mediation while motions for summary judgment were pending.

Defended owners of trading firm in suit brought by former employees who claimed to have entered into an oral partnership agreement with the owners  that entitled them to an ownership interest in a technology platform. Following a two-week bench trial, the case settled favorably.

Defended owners of financial company in suit by former joint venture partners who claimed they did not receive fair compensation in connection with the sale of the joint venture to a large bank. We prevailed on a motion for summary judgment, and that ruling was upheld on appeal.

Currently handling disputes over general partners’ attempts to prevent an investor’s acquisition of limited partnership interests.

Represent shareholders in claims against president of corporation for theft of corporate assets.