Previously, we've written about some of the remedies available to shareholder oppression claimants. Among those we mentioned is the judge's ability to dissolve the company, or at least the minority's interest in the company. While these actions can effectively end the oppressive conduct, the question then becomes how will each party's shares be valued? When shareholder oppression is involved, these valuations can become extremely tricky.
No successful business embraces a 'less is more' philosophy. Unfortunately, the same often holds true for the distribution of power in majority and minority shareholder relationships. Though that doesn't always create friction, sometimes majority shareholders use that power as a way to treat minority members unfairly. Oregon law protects against such actions. Over the course of the next few weeks we'll attempt to illustrate how, highlighting the general principals of shareholder oppression law, as well as some of its case-specific nuances.