$100 Million Business Dispute Over Shares Of Closely Held Business
Representation of client in acquiring control of two family companies valued at over $100 million. Client was the beneficial owner of 50% of both family companies and had the right to purchase additional shares, which would make him the majority beneficial owner of both companies. However, the client was prevented from asserting control over the two family companies because a significant number of his shares were held in an irrevocable trust with three trustees. And, the client’s two co-trustees were beholden to an adverse party. The client’s ability to exercise control was further hindered by another adverse party’s refusal to sell the client necessary shares on the required terms. Counseled client on all aspects of the disputes, including through litigations in Miami-Dade and Palm Beach County Courts, which led to a favorable resolution resulting in the client taking control of both companies.