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The 6 Cardinal Rules of Business Divorce Work!
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The 6 Cardinal Rules of Business Divorce Work!
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Business Divorce: Court Found That There Was A Fact Question On Whether Officers Violated Fiduciary Duties By Obtaining A Side Bonus From A Purchaser When Negotiating A Sale Of The Company’s Assets Monday, March 8, 2021
A business divorce may mean that the owners need to sell the business or the business’s assets. In the following case, some of the owners/officers took advantage of a sale transaction to benefit from that transaction at the expense of their co-owners. In
Rex Performance Prods., LLC v. Tate, a company sued its former officers for breaching fiduciary duties related to the sale of the company’s assets. No. 02-20-00009-CV, 2020 Tex. App. LEXIS 10465 (Tex. App. Fort Worth December 31, 2020, no pet.). The company alleged that the officers intentionally drove down the price of the sale in order to obtain a separate bonus from the buyer. The defendants alleged that the plaintiff knew of the side bonus agreement and consummated the transacti
Ladd Hirsch Joins Bradley s Litigation Practice Group In Dallas
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DALLAS, Feb. 2, 2021 /PRNewswire/ Bradley Arant Boult Cummings LLP is pleased to announce that Ladd Hirsch has joined the firm s Dallas office as a partner in the Litigation Practice Group. I have known and respected Ladd throughout his career, he is an outstanding lawyer, and I am pleased to become his partner and add his talents in our strong and growing Dallas office, said Dallas Office Managing Partner Richard A. Sayles. Bradley Chairman of the Board and Managing Partner Jonathan M. Skeeters added, Ladd is widely recognized as a leading lawyer for Business Divorce matters focused on disputes between majority owners and minority investors related to substantial private Texas businesses. The addition of Ladd offers us the opportunity to further expand the expertise we can provide our clients across the state and beyond.