Peter A. Mahler, author of our sister blog New York Business Divorce, posted an excellent analysis of a recent case involving a shareholder dispute among members of an anesthesia group.
Key pieces of advice from Mahler:
- Draft clear termination and exit provisions in shareholder and employment agreements;
- Arbitration clauses can produce quicker results than litigation, reduce hostilities, and keep private disputes private.
Suffolk Anesthesiology Associates, P.C. v. Verdone, 2012 NY Slip Op 50728(U) (Sup Ct Suffolk County Apr. 25, 2012)