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Richard Burt Professional Law Corporation
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Richard Burt Professional Law Corporation55 S Market St #1500
San Jose, CA 95113
Phone: (408) 286-7333 -
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Categories
- Alter Ego Liability
- Attorney-Client Matters
- Blue Sky Law
- Bulk Sale
- Business Disputes
- Buy-Sell Agreement
- Commercial Law
- Contract Drafting
- Corporate Law
- Covenant not to compete
- Directors and officers
- Entity Law
- Foreign LLC
- Indemnification
- Limited Liability Comanies (LLC's)
- Limited liability companies (LLC)
- Limited Liability Partnerships
- Limited Partnerships
- Mergers & Acquisitions
- Mergers and Acquisitions
- Minority Shareholders
- Non-competes
- Piercing the Corporate Veil
- Professional Corporations
- Purchase and Sale of a Business
- Qualifying to Do Business
- S corporations
- Securities Law
- Successor liability
- Suspended Entity
- Uncategorized
Legislature Expands Shareholder Inspection Rights
The Corporations Committee of the Business Law Section of the California Lawyers Association today published an e-bulletin, which I authored. The text follows: The legislature amended Corporations Code § 1601, which grants shareholders the right to inspect and copy corporate … Continue reading
Posted in Corporate Law, Directors and officers, Minority Shareholders
Tagged books and records, shareholder inspection, stockholder inspection
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Breach of Fiduciary Duty by Corporate Insiders Requires Remedy, Even if Damages Unclear
When corporate insiders transferred to a new corporation corporate assets claimed to be worthless, the shareholders had a right to a remedy, even if the damages were unclear. In Meister v. Mensinger (2014) 230 Cal. App. 4th 381, Sesame Technologies, Inc., was … Continue reading
Posted in Directors and officers, Entity Law, Minority Shareholders
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Webinar Presentation on Drafting Buy-Sell Agreements
On November 14, 2104, I conducted a webinar on “Drafting Buy-Sell Agreements–What the Forms Books Won’t Tell You.” The program was jointly sponsored by the Corporations Committee and the Partnerships and LLC Committee of the Business Law Section of the … Continue reading
Posted in Buy-Sell Agreement, Contract Drafting, Minority Shareholders, Purchase and Sale of a Business
Tagged buy-out, buy-sell, cross-purchase agreement, redemption agreement
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Shareholder Loses Standing to Maintain Derivative Action After Merger
In Villari v. Mozilo (2012) 208 Cal. App. 4th 1470, the court held that under Delaware law a shareholder who was a plaintiff in a shareholder derivative action lost standing to maintain that action once a merger resulted in the … Continue reading
Posted in Directors and officers, Mergers and Acquisitions, Minority Shareholders
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Minority Shareholder Can Not Bring Claims Against the Corporation’s Counsel
In Reilly v. Greenwald & Hoffman, LLP (2011) 196 Cal. App. 4th 891, the court held that a minority shareholder could not bring a derivative action against the corporation’s outside counsel for misrepresentation, malpractice, or breach of contract. In March … Continue reading
Posted in Attorney-Client Matters, Business Disputes, Minority Shareholders
Tagged breach of contract, breach of fiduciary duty, corporate counsel, derivative action, malpractice
Comments Off on Minority Shareholder Can Not Bring Claims Against the Corporation’s Counsel