Legal Question in Employment Law in Texas

Termination of 33.3% shareholder within a corporation

the sole participating officer/shareholder of 8 yrs (33.3%) is terminated. the opposing 2/3rds (non-participants) claim due to non-participation. proven untrue. the 1/3rd is also being refused his fair value of shares and various other property.''several million.'' what recourse does he have?


Asked on 9/19/03, 11:02 pm

1 Answer from Attorneys
Roger Evans Mathis & Donheiser

Re: Termination of 33.3% shareholder within a corporation

Based on facts provided, that individual may well have strong causes of action to recover the value of his or her shares. He or she should have the case evaluated by a litigation attorney familiar with corporate structures and skilled in commercial litigation.

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Answered on 9/22/03, 12:45 pm


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