When a board or CEO breaches a duty owed to the company — steering a contract to a related party, usurping a corporate opportunity for personal gain, or managing company assets without proper care — the people responsible for suing on the company’s behalf are the very same people who caused the harm. This is…
A majority shareholder who, much like the controlling party in a squeeze-out transaction, quietly withholds dividends for years, pays themselves an inflated management fee, and steers related-party contracts to their own affiliates is not necessarily breaking any single rule — but the cumulative effect can amount to unfair prejudice, one of the most under-litigated protections…