Commercial Shareholder Disputes Attorney in Austin, Texas
What tends do you see in shareholder lawsuits?
What tends do you see in shareholder lawsuits?
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00:04
well
00:05
uh unfortunately the the trends are that
00:08
there’s more of it the problem is that
00:11
in 2014
00:13
the texas
00:14
supreme court
00:16
narrowed the claims that were available
00:19
to minority shareholders
00:21
and narrowed the ability of companies to
00:25
ultimately buy out minority shareholders
00:28
and now leaves those kinds of claims up
00:32
to the documentation and the agreements
00:34
between the company and those
00:37
shareholders and the operating
00:38
agreements or bylaws that are involved
00:41
and frequently those documents leave out
00:45
important provisions about
00:47
whether the company can buy or whether
00:49
the shareholder can sell
00:51
his interest and what the terms of those
00:53
types of transactions might be
00:56
and without those agreements and in
00:58
those uh in those documents
01:01
uh the shareholder and the in the
01:02
company itself is kind of
01:05
uh left with a limited range of options
01:09
which ultimately means that there’s a
01:11
lot of litigation involving
01:14
what is generically called in this area
01:17
business divorce and there’s just more
01:18
of it
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Austin, TX commercial litigation attorney Walter V. Williams talks about the current trends he sees in shareholder lawsuits.
