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Articles Posted in shareholders

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Floorgraphics Corporate Officers Held Liable for Appropriating $12 million

On September 23, 2014, in Potok v. Rebh, the Philadelphia Court of Common Pleas held that the corporate officers of Floorgraphics, an advertising company, were held liable for appropriating $12 million from a settlement deal from the sale of their company in 2009 to News America Marketing. As a brief…

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Shareholders, not the Corporation, Holds Attorney-Client Privilege for Communications Between the Shareholders and Counsel

On August 7, 2014, the Western District of Pennsylvania’s Judge Maurice B. Cohill, Jr. entered an order preliminary denying plaintiff’s motion to compel compliance with subpoena on counsel. In the case of Gary Miller Imports, Inc. v. Carter Dolittle, et al., plaintiff sought to compel the law firm of Macdonad…