Reasonable Expectations Cannot Be Ignored
April 15, 2021 By Jonathon Clark Minority shareholders in a closely held private corporation may be entitled to have a reasonable expectation of sharing in the management and operation of the business, regardless of their employment status. Family businesses can be wonderful joint adventures, until events occur which shatter those bonds. LDS Capital Corporation v. […]
Bond Trustees Do Have Duty to Inform
April 15, 2021 By Brian Babcock A trustee has a duty to inform beneficiaries of the existence of the trust where failure to do so might result in the beneficiary suffering a loss. Failing to fulfill his duty may result in the trustee being required to make good the beneficiary’s losses. This principle is noteworthy […]