Doug Stevinson Prevails in Unusual Case of Shareholder Oppression

Tuesday, October 11, 2016

Doug Stevinson (Partner, New Brunswick) successfully represented an oppressed shareholder in a case involving the Uniform Fraudulent Transfer Act, breach of fiduciary duties, and both compensatory and punitive damages.  Because of the punitive damages award, a referral to the state attorney general or prosecutor’s office will follow.

The case involved a private family enterprise with an innovative product and a renowned reputation in the science, academic, medical and defense industries. Over the course of five years, Doug argued that the client was routinely defrauded by the defendant, including the illegal transfer of a substantial number of company assets.

The case is a practical example for both private and public businesses in their conduct with shareholders — specifically how not to treat one in the eyes of the court.

About Commercial Litigation

Our attorneys represent a diverse group of clients in a wide range of complex commercial disputes, including breach of contract actions, construction litigation, loan workout and foreclosure matters, partnership and shareholder disputes, director and officer litigation, and fraud and RICO litigation. We're often called upon to serve as lead counsel in high profile lawsuits involving multiple parties and law firms, and to act as special counsel or trial counsel for other firms.

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