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…

Waste

In Illinois, the chief law relevant to most shareholder disputes is the Illinois Business Corporation Act (BCA).  In addition to details about annual reports and incorporation, the BCA outlines causes of action to justify court intervention in a company.  In the context of a shareholder dispute, these often form the basis of claims in court,…