Shareholder and Partnership Disputes

A business break up is not different from a high stakes divorce. In addition, shareholder dispute litigation is a highly specialized and complicated area of the law. It’s imperative to have a litigator at your side that understands the law, has extensive expertise in this arena and is able to understand the emotions involved.

At Bales Sommers & Klein, we litigate complex disputes involving privately held corporations, LLCs and other related entities. These disputes cover a broad spectrum of issues relating to corporate management and operations, ranging from governance issues, the disputed direction of the company and compensation paid to principals, to the suppression of the rights of minority owners, buyouts, breaches of contract and fiduciary duty, fraud and other torts.  

Sometimes, litigating shareholder disputes can be a long haul and our attorneys are not afraid to go the distance if that becomes necessary. Our focused preparation saves money for our clients in the long run and significantly increases the likelihood of a favorable outcome. While we explore every avenue of reasonable settlement, if the client’s interests demand it, we are ready to go to trial if necessary. Either way, our attention remains exclusively on the client’s interests and their end goal.

Significant Achievements

Represented technology and data destruction company in shareholder derivative action asserted by a former CEO. Obtained full dismissal of the case on behalf of the client after multiple days of evidentiary hearings.

Represented professional football player in membership dispute with limited liability company concerning acquisition of land. Secured $2,000,000 settlement for client against company members.

Obtained directed verdict at trial in favor of foreign export company client in claims seeking in excess of $12,000,000 in damages.

Obtained $1,000,000 settlement in action against famed professional basketball player arising out of failed business franchising venture.

Ongoing representation of glass manufacturing and tempering company in shareholder derivative lawsuit alleging claims for breach of fiduciary duty.