Shareholder Disputes

Our firm routinely represents individuals who have their life’s work tied to an ownership interest or shares in a company they helped build

These corporate shareholders or limited liability company members often find themselves frozen out of the fruits of their labor or investment.

The Mike Cox Law Firm uses all the tools available in the Michigan Business Corporation Act, Michigan Limited Liability Act, and the common law to defend our clients and protect their assets. Whether the issues are shareholder oppression, breach of fiduciary duty, business defamation, or tortious interference with a business expectancy, MCLF can help you negotiate or litigate to successfully protect your interests. Some recent matters include:

  • An arbitration to protect our client’s multi-million dollar investment and business reputation from the bad acts of the manager-member which were wasting assets and threatened our client’s other businesses. Through carefully crafted discovery and vigorous deposition cross-examination, MCLF laid the groundwork for our client’s goal of dissolution of the LLC.
  • A circuit court action that forced our client’s former co-member to honor a non-compete and pay a cash settlement to our client.
  • Extensive counseling to a client on bylaw and corporate governance tactics to protect his multi-million dollar investment in the face of threatening actions by shareholders with majority board control.

The Mike Cox Law Firm just recently we assisted a large manufacturer successfully resolve a multi-million dollar dispute with a state government agency. After litigating many issues in the state administrative hearing process and concurrently addressing others in federal court, co-counsel and the Mike Cox Law Firm created a litigation posture that led to a favorable settlement. Again, success in the administrative law arena often results from the combination of zealous advocacy in front of an administrative law judge and/or a state court or federal court judge, while working to build trust and a working knowledge of the relevant agency and its goals.

At the same time, when an agency oversteps it bounds and seeks to summarily revoke a client’s license, we act and act quickly. That is exactly what the Mike Cox Law Firm did last year when obtaining a TRO (temporary restraining order) against a state agency that jeopardized our client’s business model. Just this spring, we helped litigate and then negotiate a successful resolution of issues our venerable Eastern Market client with the US Department of Agriculture and City of Detroit.