What Makes Fair Value Fair?

The Illinois Business Corporation Act (BCA) is often the chiefly relevant law in cases of shareholder disputes and minority oppression.  The Act, in addition to laying out various provisions for how corporations register with the Illinois secretary of state and other requirements of diligence, delineates the causes in which the courts are justified in intervening…

Where the Squeeze Comes From

There isn’t a technical, legal definition of a squeeze out.  It’s not something the Illinois Business Corporation Act (BCA) explicitly defines, so particular definitions can disagree.  It’s generally used to mean when the majority interest in a company or partnership tries to coerce a minority shareholder/partner to give up their interest in the company.  A…