Great Result in Corporate Control Litigation

The majority shareholders of a private company located in California retained the firm to replace prior counsel in heated litigation regarding control of the corporation. The minority shareholder had attempted to assert ownership of the company’s trade secrets, and during discovery the firm learned that he was unfairly competing against the corporation while remaining its chief executive. Shortly after appearing in the case, the firm obtained removal of the “independent director” that the court had appointed at the minority shareholder’s insistence, and who was interfering with the clients’ right to control the company. After several days of argument on a motion to dissolve an injunction that the court had issued against the clients prior to the firm’s involvement, the corporation’s minority shareholder agreed to settle the entire litigation.