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The Texas Lawyers Blog provides useful information on the law and Texas lawyers. For more information on this Blog or a legal topic, please feel free to submit an inquiry or send an e-mail message to blog@texaslawyers.com

Sunday, June 2, 2013

Texas Shareholder Suppression Lawsuits: Majority Shareholders and Directors That Commit Corporate Malfeasance, Fraud, and Breach of Fiduciary Duty Can Often Be Held Liable Through Texas Shareholder Lawsuits by Texas Shareholder Suppression Lawyer Jason S. Coomer

Texas Shareholder Suppression Lawsuits: Majority Shareholders and Directors That Commit Corporate Malfeasance, Fraud, and Breach of Fiduciary Duty Can Often Be Held Liable Through Texas Shareholder Actions by Texas Shareholder Suppression Lawyer Jason S. Coomer

Majority shareholders sometimes wrongfully and fraudulently use their controlling interest in a company for their own benefit at the expense of minority shareholders.  When a majority shareholder commits corporate malfeasance, fraud, or breach of fiduciary duty, minority shareholders may have a viable shareholder suppression lawsuit against the majority shareholder. 

If you have a questions about a Texas shareholder suppression lawsuit or other Texas business fraud lawsuit, please feel free to send an e-mail to Texas Shareholder Suppression Lawyer Jason Coomer or go to the following web pages: Texas Shareholder Suppression Lawsuit Information and Texas Business Tort Lawsuit Information.    

Texas Business Litigation Understanding Rights, Duties, and The Importance of Evidence

In any Texas shareholder suppression lawsuit, corporate malfeasance lawsuit, or breach of fiduciary duty lawsuit, it is important to understand the rights, fiduciary duties, and responsibilities of the majority shareholders, board of directors, managing partners, corporate officers, corporate counsel, chief financial officers, and managers.  It is also important to obtain as much evidence of the malfeasance, self dealing, fraud against shareholders, wrongful suppression, embezzlement, or other bad acts as possible prior to the start of litigation.  In many of these cases, once litigation has begun, obtaining evidence of the unlawful and bad acts are difficult and heated battles as many documents begin to disappear and proving spoliation becomes a key issue.  The term spoliation broadly refers to the intentional, reckless, or negligent destruction, loss, material alteration or obstruction of evidence that is relevant to litigation.

Texas Business Torts and Unfair Competition

Unfortunately, some businesses face illegal challenges from businesses that commit unfair and illegal actions to steal business, trade secrets, intellectual property, and customers for the purpose of increasing their own profits and putting their competitors out of business.  This illegal competition, unfair competition, or corporate malfeasance can include theft of trade secrets, release of false press releases, use of short term predatory pricing, making demands of exclusive contracts from suppliers, forcing lenders to call in loans, stealing business & customers, hacking computers, infringing on intellectual property, and spreading false information in the business community.

If you are a Texas business owner and have been unfairly harmed by illegal and unfair business actions and are looking for a Texas Business Litigation Lawyer, feel free to send an e-mail message to Texas Illegal and Unfair Business Competition Lawyer Jason Coomer or use our online submission form.  As a Texas Illegal Business Competition Lawyer, he provides advice to Texas business owners concerning business torts including unfair competition lawsuits, intentional interference with business contracts, theft of trade secrets, and breach of contract claims.

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