[Case Overview] Two 50/50 shareholders of an IT startup reached a stalemate regarding management strategy. One shareholder began excluding our client from operations and misusing corporate funds, leading to a complete business deadlock.
[Legal Strategy] Song Law Firm reviewed the corporate Bylaws and Shareholder Agreement. We issued a formal demand based on Breach of Fiduciary Duty and initiated an objective business valuation. By highlighting the cost of litigation and potential loss of company value, we pressured the opposing party into a favorable settlement.
[Result] The opposing party agreed to sell their shares at a reasonable price. Our client gained 100% ownership and successfully stabilized the company’s operations.
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KakaoTalk: Song Law Firm / Phone: 201-461-0031
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Email: mail@songlawfirm.com / Website: www.songlawfirm.com
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Disclaimer: This case study is for informational purposes only. Results depend on the facts of each case. This does not constitute legal advice.
