Even assuming all parties are in agreement on breaking up a corporation or a business entity, still, a break-up of a business entity can be risky, stressful, and challenging, due, not the least, to the complexity of laws and regulations involved in the business area. Add to it the possibility of conflicts, disagreements, or fights between partners; financial losses; or even fraud! You will see how demanding a corporate or a business entity break-up can be.
We are here to sort out the issues involving your business entity break-up, whether you are pursuing it or resisting it. Give us a call and let’s have a chat.
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We Represented a Co-Owner of a Regional Communications Company
When Mr. Green was initially contacted, both co-owners held 50% ownership of the company with the opposing party named as president of the company. Mr. Green assembled a team that included co-counsel, a forensic accountant, and separate representation for the business entity. After protracted litigation preparation, on the eve of trial, our client was able to negotiate a very favorable settlement leaving him and his family as full owners of the company.
Jack B. Cowley and Jack B. Cowley, P.A. v. Paula Wyatt, Robert L. Wyatt, Wyatt Law Firm Ltd., Wyatt & Wyatt P.C. and Wyatt Farms, Ltd., In the 117th Judicial District Court of Nueces County, Texas; Case No. 01-3095-B
Mr. Green was co-counsel for Jack Cowley, an extraordinarily successful products liability lawyer, in his breakup with his law partners in their prosperous South Texas law firm. The firm had handled “rollover” cases against Ford Motor Company as well as airline and helicopter crash cases around the nation and internationally. This bitter, protracted, and complicated case was fought over a number of years in a take-no-prisoners manner. There was a constant stream of hearings on discovery disputes and other motions. Finally, it was tried to a jury in Corpus Christy. Presentation of the evidence went very well for Jack Cowley including evidence that demonstrated his high competence as a trial attorney and evidence that his treatment by the law firm had been, to say the least, shabby. After several days of trial, Jack Cowley was offered a confidential settlement which he accepted shortly before the jury was to retire and begin deliberating.
Tom Bailey v. Tudor Bailey Company, In the 191st District Court of Dallas County, Texas
Mr. Green was co-counsel for Tom Bailey in a case involving the breakup of an accounting firm. This was a complicated story of betrayal in which Mr. Bailey had hired a law firm to form a corporation in which he was a part owner of an accounting practice. The other owner of the corporation then had the corporation sue Mr. Bailey using the very law firm that Mr. Bailey had employed to form it to protect him from liability. After a jury trial that lasted several days, a Dallas County District Court jury awarded Mr. Bailey substantial damages against the accounting firm and others. This case was one of a series of cases, including a malpractice case against a law firm in which Mr. Green appeared as co-counsel for Mr. Bailey to get him recompense for moneys taken from him by the accounting firm and others.