Friday, May 20, 2011
Shareholder Agreements in Closely-Held Massachusetts Corporations
I received this brief summary from Elizabeth Burnett and Jehanne Bjornebye at Mintz Levin and found it interesting. Several questions about the rights of shareholders and their conflicting rights as fiduciaries are addressed in the recent Superior Court decision Merriam v. Demoulas Super Markets, Inc. It’s instructive.
Monday, April 19, 2010
Operating a Troubled Company? Read this.
Most CEOs and board members of troubled companies don’t recognize that the company is truly distressed until there is some “trigger” event—such as a covenant default, the loss of a major contract or a failed attempt to refinance.