Corporate governance disputes usually involve claims that officers or directors of a corporation or managing members of a limited liability company (LLC) engaged in self-dealing or otherwise preferred their own interests over the company’s interests. There are statutory protections, including the business judgment rule, that may protect officers and directors who acted negligently in making certain business decisions.
The corporate governance rules are based on statutes that vary by state and depend on where the company is incorporated and the choice of law provision in the applicable agreements.
We obtained a $4.3 million settlement on behalf of a medical technology company, Gamma Medica, that asserted claims against two private equity firms, who were lenders and shareholders of the company, that the firms drove the company into bankruptcy to enable the firms to buy two of the company’s lucrative business lines out of bankruptcy for reduced prices.
We successfully defended a management firm against claims by foreign private equity firms that the management firm had mismanaged a distressed debt fund in which they had invested.
What Clients Say
“Greg handled a very complicated case for my bio-tech company Gamma Medica that involved multiple defendants with big firms on the other side. The case was contentious with lots of motions and depositions across the country. He stayed the course, provided invaluable insight about the process and progress of the case, and positioned the case for the company to receive a multi-million dollar settlement that was approved by the Court.”
- Brad Patt PhD, former CEO of Gamma Medica and CEO of Theracell