Closely held businesses are often formed by relatives or friends who trust one another and therefore operate informally without strict adherence to the governing documents, or fail to create these documents altogether. In this article Joel details how to avoid common pitfalls which could lead to shareholder litigation. Mr. Newman has represented numerous clients in important business litigation matters including shareholder lawsuits and shareholder, partnership, and LLC member disputes.
H. Joel Newman, PLLC is a Michigan-based business litigation and trial law firm with a concentration in business law and complex commercial litigation, including business fraud, breach of contract, shareholder rights, shareholder litigation, membership disputes, and LLC partner litigation. H. Joel Newman has obtained numerous multi-million dollar verdicts and settlements representing plaintiffs and has successfully defended numerous clients against multi-million dollar claims.
When possible, an equitable settlement can be far better for a client than a lengthy and expensive litigation.
H. Joel Newman, PLLC is a Michigan-based business litigation and trial law firm with a concentration in business law and complex commercial litigation, including business fraud, breach of contract, shareholder rights, shareholder litigation, membership disputes, and LLC partner litigation. H. Joel Newman has obtained numerous multi-million dollar verdicts and settlements representing plaintiffs and has successfully defended numerous clients against multi-million dollar claims.
When possible, an equitable settlement can be far better for a client than a lengthy and expensive litigation.
Services
H. Joel Newman, PLLC. is a business law firm specializing in business litigation, commercial litigation, shareholder oppression, shareholder disputes, non-compete litigation, partnership disputes, member disputes and lawsuits.
Our office is in Birmingham, Michigan, near Detroit.
We practice in all Michigan state and Federal courts including Oakland county, Macomb county, Wayne county, Washtenaw county, and Genesee county.
Complex litigation, shareholder litigation, partnership disputes, business torts and many other areas of practice.
Our office is in Birmingham, Michigan, near Detroit.
We practice in all Michigan state and Federal courts including Oakland county, Macomb county, Wayne county, Washtenaw county, and Genesee county.
Complex litigation, shareholder litigation, partnership disputes, business torts and many other areas of practice.
Thank you for being my advocate and for representing me.
I could not be more pleased about working with you, and the wonderful job you did in achieving the settlement.
Joel is thorough, but cost conscious.
He does not over-charge and he allows the client to decide how deeply he will dive into the details of documents (which takes time).
Joel is ethical and fair.
Judges and opposing attorneys know this about him.
These attributes are highly advantageous in trial, and they also enable Joel to establish both leverage and trust in negotiations, which is essential to achieving a favorable result.
I could not be more pleased about working with you, and the wonderful job you did in achieving the settlement.
Joel is thorough, but cost conscious.
He does not over-charge and he allows the client to decide how deeply he will dive into the details of documents (which takes time).
Joel is ethical and fair.
Judges and opposing attorneys know this about him.
These attributes are highly advantageous in trial, and they also enable Joel to establish both leverage and trust in negotiations, which is essential to achieving a favorable result.
Joel was lead trial counsel representing several related corporations in this shareholder oppression litigation.
Plaintiffs' Complaint alleged shareholder oppression, fraud, breaches of fiduciary duties, usurpation of corporate opportunities and self-dealing.
Plaintiffs sought almost $100 million in damages.
The Plaintiffs' case was eviscerated in their cross examinations.
At the close of Plaintiffs' proofs, the case settled.
Plaintiffs gave up all damage claims, Joel's clients waived their right to attorneys' fees from the Plaintiffs, and the case was dismissed with prejudice.
Plaintiffs' Complaint alleged shareholder oppression, fraud, breaches of fiduciary duties, usurpation of corporate opportunities and self-dealing.
Plaintiffs sought almost $100 million in damages.
The Plaintiffs' case was eviscerated in their cross examinations.
At the close of Plaintiffs' proofs, the case settled.
Plaintiffs gave up all damage claims, Joel's clients waived their right to attorneys' fees from the Plaintiffs, and the case was dismissed with prejudice.
In this matter, which was featured on Court TV, we represented ten nephews and nieces in a law suit challenging their uncle's will, which purported to divide his entire estate between three charities.
We developed evidence of mismanagement and fraud by one of the "charities" and began investigating the others.
We obtained a $4.5 million settlement which represented a substantial portion of the entire estate.
The estate also paid our client's contingency attorney fees.
When millions of dollars are at stake, the importance of a lawyer who is an astute litigator and complex trial lawyer can not be overstated.
We developed evidence of mismanagement and fraud by one of the "charities" and began investigating the others.
We obtained a $4.5 million settlement which represented a substantial portion of the entire estate.
The estate also paid our client's contingency attorney fees.
When millions of dollars are at stake, the importance of a lawyer who is an astute litigator and complex trial lawyer can not be overstated.
A Local real estate developer retained us to file an action in the United States District Court against a major life insurance company and its subsidiary for breach of a contract involving a joint venture agreement to acquire an internationally acclaimed high-rise building in Miami, Florida.
After a jury trial lasting three weeks, at the close of testimony Defendants agreed to pay our clients $5,000,000.
Michigan lawyers Joel Newman and former partner Norman Lippitt tried this case together.
With proper planning, shareholder litigation can be one of the most easily avoidable areas of Business Litigation.
After a jury trial lasting three weeks, at the close of testimony Defendants agreed to pay our clients $5,000,000.
Michigan lawyers Joel Newman and former partner Norman Lippitt tried this case together.
With proper planning, shareholder litigation can be one of the most easily avoidable areas of Business Litigation.
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