[Shareholder Oppression] Personal Jurisdiction Issues in a Shareholder Oppres...
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Eric Fryar
Mar 25, 2010, 8:54:13 PM3/25/10
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[http://www.fryarlawfirm.com/Shareholder/Texas/Texva.html]
f a corporation formed under the laws of Texas operates in another state, can its directors, officers or majority shareholders be sued in Texas courts for shareholder oppression or breach of fiduciary duties even if they have no other contacts with Texas and none of the oppressive acts occurred in Texas? The Dallas Court of Appeals recently held that the answer to this question is yes; however, the Court based its decision on the specific facts of the case and not on a bright-line rule.
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Posted By Eric Fryar to Shareholder Oppression at 3/25/2010 07:49:00 PM
f a corporation formed under the laws of Texas operates in another state, can its directors, officers or majority shareholders be sued in Texas courts for shareholder oppression or breach of fiduciary duties even if they have no other contacts with Texas and none of the oppressive acts occurred in Texas? The Dallas Court of Appeals recently held that the answer to this question is yes; however, the Court based its decision on the specific facts of the case and not on a bright-line rule.
Read the rest of the article regarding personal jurisdiction issues in shareholder oppression and shareholder derivative suits in Texas.
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Posted By Eric Fryar to Shareholder Oppression at 3/25/2010 07:49:00 PM
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