Physicians with a controlling interest in a New York professional corporation should be mindful of a minority shareholder’s common law right to judicial dissolution. In a recent posting on our New York Business Divorce Blog, Peter A. Mahler describes a recent ruling by Westchester County Commercial Division Justice Alan D. Scheinkman in the case
Mixed Decision in Anesthesiology Practice Shareholder Dispute
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