When a shareholder or limited liability member notices an abuse of power within a corporation or limited liability company (“LLC”), Florida law provides shareholder with the ability to demand the business correct the issue. If the corporation or LLC refuses to correct the problem, the shareholder or LLC member may file a shareholder derivative suit on behalf of the corporation. This is commonly referred to as a “Shareholder Derivative Claim” in reference to a corporation or “Member Derivative Claim” within the context of a limited liability company.
The Florida Statutes provide that in some circumstances attorney’s fees are recoverable on behalf of the company. Furthermore, judges have the ability judicial dissolve the entity should adequate evidence present itself.
Our attorneys handle a wide range of shareholder and member derivative claims behalf of individuals and businesses. Our lawyers have extensive experience resolving a wide variety of derivative issues from across of the spectrum.
To contact a lawyer at our firm, call (954) 591-8261. You may also contact us by e-mail at info@truebloodlawgroup.com or by submitting your contact information here.