Most asked
What is shareholder oppression and how do I bring an oppression claim?
Under BCL § 1104-a, a holder of 20% or more of the voting stock of a non-public NY corporation may petition for judicial dissolution on grounds the directors or controlling shareholders have acted in an 'oppressive' manner — typically conduct that frustrates the petitioner's reasonable expectations as an owner (denial of dividends, exclusion from management, frozen-out from buyout opportunities). The corporation can avoid dissolution by electing to buy out the petitioner at fair value (BCL § 1118). Most oppression cases settle in this buyout posture.

