Andrews Corporate Officers and Directors Liability Litigation Reporter
April 9, 1997
Copyright (c) 1997 Andrews Publications
FORCED BUYOUT, DISSOLUTION ARE CHOICES GIVEN TO 'OPPRESSIVE' MAJORITY
Greenhouse v. HGK Asset Mgmt.
A New York state court judge gave the “oppressive” board of HGK Asset Management, Inc. an ultimatum: either buy out a minority shareholder in one month for an amount set by the court or dissolve the company. Greenhouse v. HGK Asset Mgmt., No....