When there is a disagreement between business partners, sometimes the majority shareholder will take actions designed to freeze out minority partners or eliminate their interest altogether. These actions can lead to the minority shareholder losing employment, income, or net worth. Sometimes the actions taken by the majority holders are so egregious that the minority partner simply gives up and walks away from his or her rightful share of the business.
Fortunately, in many cases there are legal remedies that a minority shareholder can seek to combat wrongful actions of a majority shareholder. If you are involved in a dispute with business partners and believe wrongful actions are being taken against you, contact a civil litigation attorney today to see what remedies may be available.