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Yeah, probably the biggest example of one of those was when we sued Sandridge. It was a corporate securities derivative case. That was a case where we maintained that the company was not being run correctly. We maintained that some of the people on the leadership team, for example, the board, were running that company basically to profit themselves as opposed to the stockholders. So that case ended up settling, and it was a very successful resolution of the case.
What we’re seeing today is that business owners often find themselves in a position where they have no choice but to hire a lawyer because they’re being cheated — not by individuals, but by other business owners. And so when they find themselves in that unenviable position, they really don’t have a choice. They either have to put up with being cheated or hire a lawyer and try to stop it. And so we’ve done quite a few of those types of cases. You’re seeing that happen quite often in this world.
Oklahoma City, OK commercial litigation attorney Reggie Whitten tells the story of a memorable business lawsuit he handled. One of the most prominent examples of such a case involved a lawsuit against Sandridge, a corporate Securities derivative case. In this instance, he and his team alleged that the company was being mismanaged, with certain individuals in leadership positions, including the board, prioritizing personal profit over the interests of stockholders. Ultimately, this case reached a successful settlement, achieving a favorable outcome.
He noted that in today’s business landscape, many business owners often find themselves compelled to seek legal representation when they believe they are being taken advantage of by other business owners. In such situations, they face a difficult choice between tolerating unfair treatment or taking legal action to protect their interests. Consequently, these types of cases have become increasingly common in the business world.