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- Title
THE OUSTER OF KENDALL AND THE ROLE OF THE SHAREHOLDER OPPRESSION DOCTRINE.
- Authors
Moll, Douglas K.
- Abstract
The article explores the concept of shareholder oppression in closely held corporations, using the TV show Succession as an example. It explains that minority shareholders in these corporations often face challenges when majority shareholders take actions that harm their interests. These actions can include withholding dividends, restricting employment, and denying access to information. Minority shareholders have limited options for relief, as state laws do not provide default buyout or dissolution rights. Courts can offer remedies such as dissolution or appointing a custodian, depending on the circumstances. If Kendall's ouster involved denial of his financial or participatory rights, a shareholder oppression action may be part of his lawsuit.
- Subjects
KENDALL (Fla.); STOCKS (Finance); STOCKHOLDERS; PUBLIC companies; MINORITY stockholders; CLOSE corporations; FAMILY business succession; LEGAL status of minorities; STOCK repurchasing
- Publication
DePaul Law Review, 2024, Vol 73, Issue 3, p945
- ISSN
0011-7188
- Publication type
Article