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| Protecting the Rights of Business Owners |
SHAREHOLDER OPPRESSION Download: Shareholder Oppression Doctrine: What Texas Business Lawyers Need to Know. CLE Paper presented by Eric Fryar 6/11/2009. |
| Our Shareholder Oppression Practice |
Fryar Law Firm has a nation-wide shareholder oppression practice, which encompasses litigation involving squeeze-
outs, breach of fiduciary duty, right to access company records and information, derivative actions, and other rights of
business owners in corporations, partnerships, LLCs, and other business ventures. We represent both plaintiffs and
defendants. We frequently consult with business owners facing difficult legal situations in an effort to avoid litigation.
We also assist other attorneys dealing with complex legal issues by consulting or co-counseling in existing litigation.
Over the years, Eric Fryar and Fryar Law Firm have successfully resisted squeeze-outs and have resolving disputes among owners of
businesses in a wide variety of legal situations, including:
outs, breach of fiduciary duty, right to access company records and information, derivative actions, and other rights of
business owners in corporations, partnerships, LLCs, and other business ventures. We represent both plaintiffs and
defendants. We frequently consult with business owners facing difficult legal situations in an effort to avoid litigation.
We also assist other attorneys dealing with complex legal issues by consulting or co-counseling in existing litigation.
Over the years, Eric Fryar and Fryar Law Firm have successfully resisted squeeze-outs and have resolving disputes among owners of
businesses in a wide variety of legal situations, including:
- Members of a South African diamond mining joint venture who were defrauded by a partner into giving up their ownership interest
for a fraction of the true value. Read Texas Supreme Court opinion.
- A derivative suit on behalf of a group of shareholders of a small Texas corporation whose assets and business opportunities
were misappropriated by the corporation’s president and sold to a Canadian corporation ultimately resulting in a multi-billion
dollar merger. Read press coverage.
- The successful appeal on behalf of a majority shareholder reversing a $1-million+ shareholder oppression judgment in the Fifth
Circuit's landmark Hollis v. Hill decision. Read Fifth Circuit opinion
- A group of shareholders who were deceived into investing millions into a “dot com” disaster.
- Shareholders of a Houston metal fabrication business who fired the president of their company for mismanagement and
misappropriation and were then sued by him for shareholder oppression.
- A shareholder of a West Texas minerals exploration company whose company’s assets and business opportunities were
transferred to a new company started by the other shareholders.
- Shareholders in a Texas environmental services corporation whose interests were diluted by the controlling shareholders who
issued themselves millions of new shares.
- The wife of one of two shareholders whose position as a shareholder was denied after her husband's death..
- Limited partners in an MRI clinic who stopped receiving distributions as a result of financial manipulation by the general partner.
- A shareholder in a Delaware financial services corporation who was wrongfully terminated in order to force the sale of her shares
under a shareholders’ agreement.
- Many other shareholders and business owners who were denied their rights to information regarding their company or otherwise
were subjected to pressure and unfair treatment designed to squeeze them out of the company and to force a sale for less than
fair value.
- Fryar Law Firm has also defended and counseled shareholders who were accused of unfair treatment or who believed that they
were being unfairly pressured to pay an unfair price in a buy-out.
| RESEARCH AND WRITING |
Fryar Law Firm prides itself on having a national practice, particularly in the area of shareholder oppression and other complex commercial litigation. We take efforts
to research, understand and remain up to date on developments in the law of shareholder oppression nation-wide. We have consulted with other lawyers and have
counseled clients all over the country and involving corporations governed by the laws of a large number of different jurisdictions. We have acted as trial counsel in
litigation in Texas, New York, Delaware, Florida, North Carolina, New Mexico, Colorado, and California.
However, it is important to note that, unless otherwise indicated, the attorneys of Fryar Law Firm are licensed to practice only in the state and federal courts of Texas.
We do not practice in any other jurisdiction and do not hold ourselves out as experts in the law of any other jurisdiction. Clients who consult with us must understand
that, while we may conduct research in the law of other states, our practice is conducted in the state of Texas and is governed by the laws and ethical rules of the
state of Texas. When we conduct litigation in other jurisdictions, we do so only in association with local counsel and with the permission of the trial court.
to research, understand and remain up to date on developments in the law of shareholder oppression nation-wide. We have consulted with other lawyers and have
counseled clients all over the country and involving corporations governed by the laws of a large number of different jurisdictions. We have acted as trial counsel in
litigation in Texas, New York, Delaware, Florida, North Carolina, New Mexico, Colorado, and California.
However, it is important to note that, unless otherwise indicated, the attorneys of Fryar Law Firm are licensed to practice only in the state and federal courts of Texas.
We do not practice in any other jurisdiction and do not hold ourselves out as experts in the law of any other jurisdiction. Clients who consult with us must understand
that, while we may conduct research in the law of other states, our practice is conducted in the state of Texas and is governed by the laws and ethical rules of the
state of Texas. When we conduct litigation in other jurisdictions, we do so only in association with local counsel and with the permission of the trial court.
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