Forced Buyout of ‘Frozen’ Minority Shareholder Is Excessive Remedy

Business Valuation UpdateVol. 13 No. 2
Legal and Court Case Update
February 2007
3599 Industrial and Commercial Machinery and Equipment, NEC
332710 Machine Shops
breach of fiduciary duty

Brodie v. Jordan
2006 Mass. LEXIS 696
December 12, 2006
US
State Court
Massachusetts
Supreme Court
Dennis E. McKenna, Michael B. Roitman
none
Cowin

Summary

Massachusetts Supreme Court declares a forced buyout an excessive remedy for minority shareholder “frozen out” of close corporation.

See Also

Brodie v. Jordan

Massachusetts Supreme Court declares a forced buy-out an excessive remedy for minority shareholder “frozen out” of close corporation.