Success In Partnership And Shareholder Disputes By Verdict, Arbitration Award And Settlement
Raphaelson obtained a favorable verdict on behalf of a minority shareholder in an excessive compensation case against the chief executive office of the corporation. The court:
Found the corporation’s chief executive office and all of the members of the Board of Directors in breach of their fiduciary duties;
Effectively struck the bonus provision of the chief executive’s employment contract, which saved the company $500,000 in past due bonuses and potentially millions of dollars in future bonuses; and
Ordered the corporation to abide by a dividend distribution policy and to reimburse the minority shareholder reasonable attorney’s fees.
Seven figure settlement of a breach of fiduciary duty claim against a minority shareholder who interfered with the majority shareholder’s efforts to sell his stock to a third party.
The Arbitration Award
Raphaelson represented two Worcester lawyers in law firm partnership dispute and dissolution. The arbitrator found that clients did not breach their fiduciary duties owed to their two former partners, that the two former partners did breach their fiduciary duties owed to clients, and that clients were entitled to receive virtually all of the relief that they sought in the arbitration, including attorneys’ fees.