Litigation, especially involving shareholder disputes, can be messy, time-consuming and expensive. Sometimes, however, there is no alternative. In such cases, it is often necessary to go to the courts, and, moreover, to get a TRO, a preliminary injunction, or both, to ensure that those in control of a corporation are stopped from doing further damage to shareholders, or even the company itself, while the litigation is ongoing.
In order to get needed injunctive relief, which can often be the difference between life and death for a corporation, prosperity or poverty for a shareholder, one first has to understand the bases for requesting an injunction. This article will discuss the myriad bases an aggrieved shareholder can rely on in requesting an injunction.