Inside: A medicine for every ailment, remedies in shareholder disputes

A shareholder dispute can have many causes and, appropriately enough, there are just as many possible solutions

Finding the right remedy for a shareholder dispute can be quite difficult. After all, there are many possible remedies out there, and the exact circumstances of each case are going to be slightly different, making it more difficult to find the right remedy for a specific case. Understanding the vast number of options out there is essential for reaching the optimal outcome for your client or business.

One key thing to remember is that the remedy need not be drastic. A change in the shareholder agreement, or amending the bylaws to require a supermajority for certain corporate actions may be enough to smooth over the existing problem. On the other hand, by working out an agreement between themselves, the parties will be able to avoid the uncertainty that comes with litigation and will have a chance to reach a remedy that both parties can live with, and that can go a long way to reducing the amount of tension between the parties.

Contributing Author

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Thomas Patterson

Thomas E. Patterson started the Patterson Law Firm in 2000. He has 32 years of experience preparing and trying lawsuits for businesses, professionals and entrepreneurs—often...

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