Shareholder Derivative and Corporate Oppression Lawsuit

April 2009

Douglas Hargett and co-counsel at a large Alabama firm represent clients in a complex shareholder lawsuit against a publicly traded Japanese corporation, its United States subsidiaries, and certain of its individual officers and directors for breach of fiduciary duty, corporate oppression/squeeze-out, breach of contract, and fraud. The original complaint was founded on the defendants’ alleged failure to honor the terms of an earn-out provision in a stock purchase agreement entered between the companies and approximately fifty individual shareholders. After competing actions were filed by the parties in Alabama state court and Delaware federal court, the parties agreed to resolve their disputes in binding arbitration in April, 2009.

Related Practice Area: Business Litigation