Tag

shareholder oppression
The special litigation committee is a powerful tool, and corporations should not be allowed to resort to it prematurely: an analysis from Joseph Pull and Scott Benson, published in the most recent volume of the University of St. Thomas Law Journal.
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In December 2014, Kim Lund, one of four siblings who shared beneficial ownership of Minnesota’s Lund grocery empire, filed a lawsuit against her brother Tres Lund (the CEO of the business entities), the entities themselves, two directors, and a co-trustee of one of Kim’s trusts. In the action Kim sought to divest her Lund business...
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