Disputes Between Officers, Directors, and Shareholders
Are you a minority shareholder being oppressed by the practices of the majority? Are you a member of a Limited Liability Company (LLC) and the other members are breaching the Operating Agreement? Are you a shareholder in a corporation and you have received no dividends for years with no explanation? Then, you may need to see a litigation attorney.
Does your operating agreement contain a mandatory arbitration provision? Are there provisions for how or when shares of the company can be transferred? What are your rights as a minority shareholder? Knowledge is power, and you should know your rights under the applicable laws and agreements.
Business entities, whether LLC’s, limited partnerships, corporations, etc., are governed by rules and regulations found within both Virginia’s statutes as well as agreements reached between the owners. If you have been shut out of the business’s operations, decisions, etc., or if the officers or directors of the company have been spending money inappropriately, then you may need to consult with a litigation attorney.
Before coming to see a litigation attorney, you should have the following:
- A copy of the Shareholder Agreement (if a corporation), Operating Agreement (if an LLC) or Partnership Agreement (whether a limited or general partnership);
- A list of your issues and/or concerns;
- Your ultimate goals
While litigation should be a last step resort, particularly in business disputes, the Attorneys at Hale Ball have the experience and knowledge to help provide you with options. You may be restricted as to who you can sue and how, which is why the guidance of an experienced attorney is essential in understanding and knowing your rights. For instance, if an officer or director of a corporation is spending money inappropriately, you will not be able to sue that person directly; rather, you would need to file a derivative action on behalf of the entity to recoup whatever was inappropriately spent.
The Attorneys at Hale Ball have brought and defended such actions, and they will be more than happy to assist you in this regard. If litigation is not what you’re seeking as the outset, then you might want to consider speaking to the Attorneys in our Business Law section.
Schedule a Consultation with an Experienced Attorney
The Attorneys at Hale Ball will be beside you through all the aspects of the litigation process including pre-trial motions, the discovery process, trial, post-trial motions, and even appeals. The Attorneys at Hale Ball are committing to being your advocate so that you will not have to go through any of the litigation processes alone.
Since 1980 the AV-rated law firm of Hale Ball has served the legal needs of individuals and businesses. Our team of attorneys include lawyers named to Super Lawyer and Rising Star lists, as well as attorneys with advanced legal degrees, specialty certifications and lawyers who teach their areas of practice to other lawyers.
Use the contact form on this page to schedule a consultation, or call 703-591-4900.
The transmission and receipt of information contained on this website, in whole or in part, or communication with the Hale Ball via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient.
10511 Judicial Dr
Fairfax, VA 22030