Disputes between the owners can destroy a privately held business. In cases involving a family-owned business, they can destroy family relationships. In a recent case, the giant cheesemaker Leprino Foods and its biggest shareholders fought off a challenge from two...
Year: 2022
COVID and contracts: When is force majeure an excuse for nonperformance?
Historically, contractual clauses known as “force majeure” have been used to protect parties from liability in case an unforeseen event such as war, terrorism or natural disaster prevents performance. The premise is that a party should be excused from fulfilling their...
Can lawsuits name individual corporate officers?
When a business is exposed to complex litigation, the stakes can be extremely high - particularly when individuals are part of a lawsuit. One of the primary benefits of incorporation is that the structure shields officers and directors from personal liability arising...
A breach of fiduciary duty lawsuit could be costly
A fiduciary owes a duty of personal loyalty and trust toward the person he or she represents. Fiduciaries are obligated by law to act solely in their clients’ best interest and to avoid any conflicts of interest – including personal conflicts. You should be able to...
Louisiana business’ case shows power of enforceable settlements
Business disputes can take a while to sort out. In fact, some complex cases can take years to resolve. While you and your business certainly need sound legal representation as you try to negotiate settlement in your case, the issues aren’t necessarily resolved once an...
What happens if your business partner is cheating you?
Louisiana business owners understand that in order to succeed, they must set goals and have the vision necessary to see things through to their completion. Starting a business with one or more partners can make a lot of sense if everyone’s noses are pointing in the...
Understanding unfair business practices
When a small business is struggling to be successful, or just struggling to survive, competition from other businesses can cause a terrible strain. Ultimately, healthy competition can be productive, but sometimes competition is unhealthy or even illegal. Business...
