Unjust Enrichment Claim Not a Viable Alternative to Piercing Corporate Veil
The members of a limited liability company are protected from personal liability to the company’s creditors absent the elements necessary to pierce the corporate veil. In Langford Tool & Drill Co., v. The 401 Group, LLC, et al., A14-0507 (Minn. Ct. App. Jan. 12, 2015), the Minnesota Court of Appeals reversed a Hennepin County District […]
Breaking the Bank for a Minority Shareholder Buyout
In Lewis v. Borchert, A14-0379, 2015 WL 133992 (Minn. Ct. App. Jan. 12, 2015), the Minnesota Court of Appeals affirmed a Le Sueur County District Court ruling that two shareholders acted in bad faith when they refused to buy out a minority shareholder’s interest in one company unless he agreed to sell his interest in […]