Texas Supreme Nixes Minority Shareholder Oppression Claims

Hawkins Parnell Thackston & Young LLP partner represented defendants in case where Court refuses to recognize court-created claim for oppression and severely limits the types of conduct that will qualify as “oppressive” for statutory claims. (PRWEB) June 22, 2014 Today, after more than 50 years of silence on shareholder oppression claims, the Texas Supreme Court issued a 54 page opinion rejecting such claims except to the extent they seek the limited statutory remedy of a rehabilitative receivership. In Ritchie v. Rupe, the Court expressly rejected the existence of a non-statutory, co
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