By Paul Clevenger | Published June 15, 2021 | Posted in Business Litigation | Tagged Tags: constructive dividends, inority hareholders, shareholder oppression, Texas Supreme Court | Comments Off on Minority Shareholders’ Rights to Pursue Constructive Dividends in Texas
300 N. Coit Road, Suite 1125 | Richardson, Texas 75080
Minority Shareholders’ Rights to Pursue Constructive Dividends in Texas
Minority shareholders in a close corporation, many of whom are employed by the business and have put personal assets into it, are sometimes vulnerable to unfair treatment. The majority shareholders, who usually serve as the company’s officers and directors and possess decision-making authority, may abuse their power by giving themselves extra benefits while withholding dividend Read More
Read More
Civil Litigation Against Alleged Oil and Gas Fraudsters
Scams targeting oil and gas investors are alive and well. Perpetrators of these fraudulent scams are often charged with a variety of state and/or federal crimes. If the scammer is convicted, the wrongdoer is punished with prison time, fines and sometimes mandatory restitution. But a conviction in criminal court rarely makes the defrauded investors whole Read More
Read More
Business Divorce: What Should Owners Think About When Splitting Up?
Business partners are like marital partners in many ways. And like marriages, business relationships can break down. A split up among company owners, often called a business divorce, fundamentally alters the business’s structure and may directly impact its commercial livelihood. For the good of the company and the people involved, the owners should act swiftly Read More
Read More
Can an NDA Require Confidentiality Regarding Sexual Harassment?
The #MeToo movement has forever changed the way we look at sexual harassment in the workplace. It has also shed light on a practice many Americans may not know of — the use of non-disclosure agreements (NDAs) to silence alleged victims. An NDA is a contract that restricts one party from sharing another’s confidential information. Read More
Read More
When is a Noncompete Agreement Considered Unreasonable in Scope?
A noncompete agreement, also called a covenant not to compete, restricts an employee from leaving an employer to work for a company in the same field of business in the same geographical market. An employee could also violate a noncompete agreement by starting a rival business in the same field. However, a noncompete must be Read More
Read More
What Are the Essential Components of a Nondisclosure Agreement?
A nondisclosure agreement, often just called an “NDA,” is a contract that requires parties to keep specific information confidential. Nondisclosure agreements are often used in employment relationships to keep employees from sharing trade secrets and other proprietary data with the employer’s competition. NDAs are also commonly used to protect personal customer or patient information and Read More
Read More
Oil and Gas Fraud: Red Flags for Investors
Oil price volatility is back in a big way as the global economy tries to dig its way out of COVID-19 shutdowns. Business reopenings are driving demand, which, when coupled with controlled production cuts by OPEC, could send oil prices higher in the latter parts of 2020. Not surprisingly, a volatile environment with rising prices Read More
Read More
How to Protect Yourself from Oil and Gas Scams
Oil and gas investment scammers continue to prey on the general public, using high-pressure sales tactics to try to get investors to part with their money before they have the chance to think carefully. You can minimize your risk of being swindled by asking challenging questions to anyone trying to sell you on an oil Read More
Read More
Are Noncompete Agreements Enforceable Against At-Will Employees?
Texas is an at-will employment state, which means employees can quit anytime and employers can fire employees for any reason or no reason at all as long as it’s not an illegal reason (like discrimination). In this environment, questions often arise about whether such employees can be forced to abide by the terms of non-complete Read More
Read More
What Consideration is Required for a Non-Disclosure Agreement in Texas?
Texas courts have long been battlegrounds for parties fighting over the enforceability of noncompete agreements. However, non-disclosure agreements (NDAs) have caused far less controversy. This is probably because non-disclosure agreements aren’t viewed as restraints on trade, nor do they typically prevent a former employee from working for a competitor. Even so, non-disclosure agreements do have Read More
Read More
