Writings by Michael Mietlicki

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Derivative Action Explained

A shareholder derivative action is a lawsuit brought by one or more shareholders on behalf of the corporation, usually against its officers or directors, when the company has a valid claim but refuses to pursue it. Any recovery goes to the corporation, not the shareholder who filed suit. Key takeaways Investors increasingly rely on derivative […]

Author: Michael Mietlicki

July 24, 2024

What New York LLC Owners Can Learn from Long-Standing Feud

A New York LLC dispute that has lasted nearly three decades shows what happens when co-owners never sign an operating agreement: the court, not the members, ends up deciding how the business is valued and divided. Rosenblum v. Rosenblum is a cautionary tale for every closely held business, family-owned or not. Key takeaways The latest […]

Author: Michael Mietlicki

July 19, 2024

Resolving Business Litigation and Contract Disputes

Resolving contract disputes rarely requires a courtroom. They are resolved through negotiation, mediation, or arbitration, and even cases that are filed usually settle before trial. The right path depends less on the legal label attached to the dispute and more on what your business needs to protect. Key takeaways Even when businesses work diligently to […]

Author: Michael Mietlicki

January 6, 2024

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