Sentences with phrase «against majority shareholders»

We also represent minority shareholders in claims against majority shareholders and corporate and partnership management.

Bhakta recommends that entrepreneurs put into the contract that if a minority shareholder brings a lawsuit against a majority shareholders, that the company pays the legal fees.

Minority shareholders brought a derivative action against the majority shareholder who had sold his control block at a premium.103 The corporation manufactured steel, and the stock sale occurred during the Korean War.104 Steel was in short supply, and the government had imposed price controls.105 The majority shareholder sold his stock to a consortium of steel users, who were then able to control to their benefit the allocation of the corporation's steel production.106 Due to the price controls, the corporation lost no money.

Not exact matches

Nabors shareholders also sent a strong rebuke against the company's governance practices with a majority vote against one of its two director nominees, Myron M. Sheinfeld.

But Harris and the other directors involved didn't make a recommendation for or against the deal, which was supported by a majority of shareholders.

Despite the fact that the majority of shareholders oppose the activist shareholder proposals, because of the current regulatory regime, public companies must dedicate time, and money to defend against them.

In the event that (i) the Board of Directors proposes, recommends, approves or otherwise submits to the shareholders of the Company, for shareholder action, a Deemed Liquidation Event, and (ii) a Holder has not received written notice from the holders of a majority of the shares of Key Holder Common Stock that such holders approve the Deemed Liquidation Event, then such Holder hereby agrees to vote (in person, by proxy or by action by written consent, as applicable) all shares of capital stock of the Company now or hereafter directly or indirectly owned of record or beneficially by such Holder against the Deemed Liquidation Event, to assert statutory dissenters» rights with respect to the Deemed Liquidation Event, and to take such other action in derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.y..

In other words, shareholders would follow a common procedure to vote «for» or «against» a candidate, and only those candidates who receive majority support would serve as directors.

20th December 2017 - London Stock Exchange Group result of general meeting: majority of shareholders vote with board against proposed resolution to remove Donald Brydon

kronkes influence over the club is minimal at best how many decisions does he actually make in the public club domain that we all know of, i am only guessing here but just because he is majority shareholder it doesn't mean he can just do what he wants without the other board members say so, i suppose the rest of the board would vote him out of power and liquidate his shares if he did something really wrong like leveraged the club against a big debt.

The Arsenal majority shareholder Stan Kroenke is still happy that he went against the protests from Arsenal fans to remove Wenger, and instead offered him a new two - year contract, and the Silent One is still of the opinion it was the right decision although it was difficult to decide at the time.

The majority of BP's shareholders have voted against CEO Bob Dudley's # 14 million pay package - but the company has chosen to ignore them.

Why bet against a winning track record... and a majority shareholder?

He points to the billions of dollars Sears Canada has been sending to majority shareholder Edward Lampert, chairman of Sears Holdings Corp., while failing to put money in the pension fund against the deficit.

Our attorneys protect the rights of majority shareholders, officers, directors, managers, and partners against claims by minority shareholders and third parties.

The Russian Federation, the English proceedings relating to the US$ 50 billion arbitration awards obtained against Russia by the former majority shareholders of Yukos.

His recent cases include defending the former President and majority shareholder of VAB Bank against charges of contempt of court (sole counsel); acting for Mercuria Energy Trading in its successful defence of a US$ 270 million claim by Citibank in one of the biggest High Court banking trials of 2014, acting for the Claimant in an on - going US$ 830 million fraud claim in the Commercial Court (Russian banking sector), a US$ 800 million joint venture dispute in the BVI and acting as junior counsel to the Claimants in Hulley & ors v.

In 2001, the respondent's majority shareholder learned of the bylaw, and when Lorraine refused to amend it the developer brought an action in nullity against the bylaw in 2007, seeking damages and the removal of the infrastructures, as well as an action against the Municipality of Thérèse de Blainville, which implemented a plan that also changed the zoning for the respondent's land.

Won a summary judgment dismissal of a $ 20 million shareholder derivative claim against the chief executive officer and majority shareholder of a privately held corporation.

Our commercial litigation lawyers successfully defended the majority shareholders of a major New Jersey company against claims of minority shareholder «oppression,» as a result of a 13 - week non-jury trial.

Linklaters and Deloitte have pointed the finger at each other in their defences against the professional negligence claim brought by former Arsenal shareholder Lady Nina Bracewell - Smith over the sale of her stake in the football club to current majority owner Stan Kroenke.

Acting for the former majority shareholder of a large Central Euroasian bank in relation to his claims against the government and its agencies running to hundreds of millions of dollars.

In case a majority of the shareholders vote against a company's remuneration report in a given year, the company should explain in its next remuneration report how the vote of the shareholder has been taken into account.