Shareholder Dispute Resolved with Payment to Firm’s Client Before Trial
Steve Johnson and Stacy Shelly brought an action on behalf of a minority shareholder against the majority shareholder for his violation of the By Laws with regard to the sale of the business to an outside party. Steve and Stacy needed to obtain and then decipher a multitude of disorganized and often complex banking and other accounting records to convince the majority shareholder that his chances of success at trial were small and a settlement was reached to resolve the matter short of trial.