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 to a Jury Trial if he sues under the Act?
Is a shareholder’s breach of the Bylaws just a “breach of contract” claim, or can it be evidence of “oppressive” conduct?
Is there oppression when a shareholder has been fired from his employment, but still retains a seat on the board of directors?
See my guest blog post from Grand Rapids Area Professionals for Excellence on this topic by going to the link here
Questions? Comments”
Email: Jeshua@dwlawpc.com
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