A minority shareholder oppression case I tried last summer where control of two companies was returned to my client and other rightful shareholders just got affirmed by the Michigan Court of Appeals in a published opinion. Woohoo! The appellate court issued its opinion on November 27, 2018.
The Court of Appeals affirmed the trial court’s ruling that two proxies used to take control of two corporations were not valid, ruling on the issue as a matter of first impression. I am pleased that the trial court’s ruling was upheld, and that control of the company was rightfully returned to the shareholders. A link to the opinion of the Michigan Court of Appeals is below.
Menhennick Family Trust, et al. v Timothy Menhennick.COA No. 342391