When a corporate defendant and its key officers allegedly made a slew of verbal and written misstatements concerning the corporation’s financial health to encourage a business loan, the plaintiff lender filed fraud and civil conspiracy claims against various defendants. Ickert v. Cougar Package Designers, Inc., 2017 IL App (1st) 151975-U examines the level of specificity …
Tag Archives: conspiracy
Shareholder Oppression: A Frustrated Mess?
Yikes! That was a bad one. But there’s your James Marshall Hendrix reference for the day. Shareholder oppression is another easy-to-say, hard-to-apply legal standard that can trigger the break-up of a closely held corporation. Broadly, it applies where a dominant shareholder squeezes out or excludes a minority shareholder from having a say in the corporation’s …
Continue reading “Shareholder Oppression: A Frustrated Mess?”