A Tale of Two Brothers

Two brothers who jointly developed a patented component of landscaping equipment had a falling out after they obtained a lucrative exclusive distributorship contract. One of the brothers threw the other up against a wall and fired him, telling him he wouldn’t “see a dime” from the business unless he sold out to him cheap. Then, he wrote a $375,000 check to himself. The other brother became our client and we were able to stop the $375,000 check, and ultimately buy the business at a good price. This shareholder dispute might have been prevented if a good shareholder’s agreement had been signed before the dispute arose.

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