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It’s Just Business

Analysis of North Carolina Business Court Decisions (and other musings)

Conspiracy

Minority Shareholders can “Follow the Money” Linked To Alleged Diversions by Majority for Phantom Salaries and Benefits

By Bradley M. Risinger on August 7, 2022
Businessman holding pen in hand on dark background

The minority shareholders of a podiatry practice felt like they had been kicked around by the alleged financial misadventures of two colleagues who together controlled an 80 percent interest. A…

Continue Reading Minority Shareholders can “Follow the Money” Linked To Alleged Diversions by Majority for Phantom Salaries and Benefits
Posted in Conspiracy, Contract Breach, Fiduciary Duties, Judge Davis

N.C. Business Court Declines to Adopt Rule that a Minority Shareholder Exercising “Actual Control” Could Have Fiduciary Duty to Other Shareholders.

By Bradley M. Risinger on September 19, 2019

The Business Court sorted through the drama of an affiliated outsider who wanted to buy a company, settled for half and became an insider, and then allegedly used that perch…
Continue Reading N.C. Business Court Declines to Adopt Rule that a Minority Shareholder Exercising “Actual Control” Could Have Fiduciary Duty to Other Shareholders.

Posted in Business Judgment Rule, Closely Held Business, Conspiracy, Fiduciary Duties, Judge Conrad

It’s Just Business

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