Leslee Scallon, et al. v. Henry Enterprises, Inc.
Represented a small, family-owned ranch and vineyard in Southern Oregon. Minority owners of the closely-held company brought shareholder derivative claims against the company and some of the majority shareholders. The majority members exercised their statutory right to buy out the plaintiffs' shares in the company. The trial court concluded that the statutory buy-out remedy did not apply in shareholder derivative suits. We obtained a reversal of that ruling in the Ninth Circuit Court of Appeals, which held that the statutory buy-out remedy applies in both direct shareholder suits and derivative shareholder suits.
Shareholder and partnership disputes