Shareholder dispute.

Apr 01, 2009

OUTCOME: Success

Two disgruntled shareholders were removed from a small home healthcare company after taking to social media, phone calls and mass emails in an attempt to hurt business and have their unreasonable deman ... ds met. A careful review of the company's financials revealed that these shareholders never paid for their shares. Demand was issued under the Illinois Business Corporations Act for payment, and no payment was made. The shareholders were removed without the need for protracted litigation, and a cease and desist letter was sufficient to terminate their libelous behavior.