Vineyard Management Litigation

Vineyard Management Litigation

16/05/2024 04:33 PM

Defended the majority owner of a vineyard holding company against a suit for involuntary dissolution, breach of the operating agreement, and breach of fiduciary duty in confidential mediation.  We successfully stayed the litigation pending the exercise of the Majority owner’s valuation and buy-out rights under Cal. Corp. Code Section 17707.03.  A majority of the appraisal panel valued the minority members’ interest in the company at less than five million dollars despite the minority member seeking more than 30 million dollars.  The arbitrator and superior court confirmed the panel’s favorable valuation, sold the interest to our client at a favorable price, and dismissed the remaining claims.




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