Minority owners of a business face unique challenges. With limited or no control over the management and governance of a business, minority owners can be unfairly left in the cold or squeezed out. However, deliberate preparation and negotiation at the initial stages of the business can set up minority owners with the necessary tools to eliminate or reduce many of these difficulties and even avoid future conflict.
Unlike businesses with a single controlling owner or several owners, a 50/50 business by its very nature is ripe for disagreement between its owners. Owners of a 50/50 business will need to proactively consider how to handle disagreements when setting up their business venture and drafting their operating agreement, shareholders agreement, or partnership agreement.
Join Partner Bernice Leber and a distinguished panel of federal and state judges and seasoned practitioners for a two and one half-hour virtual program discussing civil and criminal procedures and practices in state and federal courts during the pandemic and beyond.
This post explains steps that Illinois LLCs and their majority members can take to protect otherwise privileged communications from disclosure to minority members in advance of and during litigation.
Managing Partner Marci Eisenstein, Litigation and Dispute Resolution Group Deputy Leader Maggie Hickey, and Construction Law Group Deputy Leader Heidi Rowe have been named to the 2020 Notable Women in Law list by Crain’s Chicago Business, which distinguishes female attorney leaders who have made significant contributions to their industry in the past 18 months.
In addition to battling class certification, businesses swept into these class actions may be faced with consolidation motions in multidistrict forums.
Schiff Hardin LLP is pleased to announce that 59 attorneys have been listed in the 2021 edition of The Best Lawyers in America, with six attorneys also being named a “Lawyer of the Year” in their respective areas of practice and location.
The US Department of Justice and the Federal Trade Commission recently issued an updated set of guidelines for “vertical mergers,” or mergers between companies at different levels of the supply or distribution chain.
As the COVID-19 pandemic continues, businesses are challenged to do what they can to avoid liability and create litigation readiness policies and plans to support the new normal.
Two months ago, the U.S. Department of Justice (DOJ) updated its guidance to aid federal prosecutors in making charging decisions or, later, sentencing decisions.
The U.S. Court of Appeals for the Seventh Circuit has ordered three class action objectors to repay $130,000 they received in a “side deal” in exchange for abandoning their appeal of a class settlement. Pearson v. Target Corp., No. 19-3095, ___ F.3d ___, 2020 WL 4519053 (7th Cir. Aug. 6, 2020).
In an opinion issued on July 9, 2020, the District Court of New Jersey granted class certification for a group of delivery drivers who allege they were incorrectly classified independent contractors.
Partner Don McLean was a featured panelist in an American Agricultural Law Association webinar discussing pesticide regulation under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), as well a major recent decision by the U.S. Court of Appeals for the Ninth Circuit.
On July 8, the Commodities Futures Trading Commission (CFTC) released its 2020-2024 CFTC Strategic Plan that describes five strategic goals and objectives that will guide the CFTC over the next four years.
While gearing up to get trillions of dollars into the economy, the government was also setting in place the mechanism to investigate and prosecute fraud related to these programs.
Arent Fox LLP is pleased to announce the return of litigator Eric Roman. A Counsel in the New York office, Eric advises clients on technology and intellectual property disputes as well as complex commercial litigation, investigations, and regulatory compliance.
