Business Law Update: Michigan Supreme Court’s July 15, 2014 Shareholder Oppression Decision

Happy Monday!   On July 15th the Michigan Supreme Court came out with its much anticipated (at least in the legal community) decision in Madugula v Taub, dealing with the Michigan shareholder oppression statute.   This decision was much needed to clarify some vague areas in the statute, including:   Is a shareholder entitled toContinue reading “Business Law Update: Michigan Supreme Court’s July 15, 2014 Shareholder Oppression Decision”

Business Law Update: Proposed Michigan Bill To Limit Non-Competition Covenants.

  A Michigan Bill proposes amending the Michigan Antitrust Reform Act to narrow the scope of when covenants not-to-compete are enforceable in Michigan. You can look at the June 12th proposed amendment, here   The Narrowing of  the Covenants Not-t0-Compete (CNC) will do as follows: 1. Make CNC unenforceable if the employee is terminated (CNC wouldContinue reading “Business Law Update: Proposed Michigan Bill To Limit Non-Competition Covenants.”

Dreaded Words for Business Owners: “Personally Liable”.

I just read an interesting article on the ABAJournal about the co-founder of “Buckyballs”   Evidently this product has caused serious harm to children and not only has the product been recalled, but personal liability has been assessed to a co-founder.   That is a big deal!   The ABA Journal reports the story here:  Continue reading “Dreaded Words for Business Owners: “Personally Liable”.”

Great Lessons for Real Estate Professionals From Unfortunate Local Construction News and Recent Case Law

Court cases and local headlines have a way of grabbing our attention – they also provide useful lessons. I had a builder client come to me recently about concerns with their construction contract. The owner that my builder was beginning a job for had a question about the indemnity provision in the contract (which IContinue reading “Great Lessons for Real Estate Professionals From Unfortunate Local Construction News and Recent Case Law”

Michigan Businesses: Before Jumping Into a Lawsuit Consider Kesler Assoc. Inc v Wellman Plastics Recycling, LLC

“You will be hearing from my Lawyer!”   Many a lawsuit begins with those parting words.   I will occasionally get a call from a business client who is a little fired up (if you’re reading this and you are a business client of mine, I’m definitely not talking about you :)). Maybe he or sheContinue reading “Michigan Businesses: Before Jumping Into a Lawsuit Consider Kesler Assoc. Inc v Wellman Plastics Recycling, LLC”