Roberts cements the proposition that a majority shareholder’s diversion of corporate profits to another entity can support both a breach of fiduciary duty claim and a statutory shareholder oppression action. The case also makes clear that shareholder oppression is not limited to acts that are illegal...
Get ready for the New Illinois Power of Attorney Act: a sweeping rewrite of this important Act creates new statutory POA forms for healthcare and property that better protect principals, agents, and third parties.Cascino, Mary D