As a minority shareholder of a company, whether it’s publicly-traded or privately-held, you do not have control over the corporate decisions made. As a result, the company’s Board, executives, and majority shareholders may elect to sell or merge the company without your approval or consent. In many instances, minority shareholders may believe that the price paid by the third-party was not fair value.
In other instances, a company may try to “force-out” or “squeeze-out” minority shareholders by engaging in certain tactics, like reverse stock splits and mandatory share redemptions. In such instances, the affected minority shareholders are entitled to compensation for their shares, but the company may offer them a low amount.
In either of the above examples, minority shareholders in Georgia are entitled to dissent from the corporate action, and obtain a Court-determined payment for the fair value of their shares. Georgia’s Dissenters Rights laws are set forth in O.C.G.A. § 14-2-1301 – 1332. These statutes outline the very specific legal requirements that dissenting minority shareholders are required to follow if they want to seek higher payment for their shares.
Andersen, Tate & Carr, P.C. and attorney Tyler Dillard have worked on significant Georgia Dissenters’ Rights cases involving millions of dollars for minority shareholders in both publicly-traded and privately-held companies.
These cases often require extensive discovery as the companies involved do not want to disclose key evidence or documents which show that the fair value of the company is more than claimed. Additionally, these cases require top business valuation experts who can analyze financial information that reveals the true value of the company.
Andersen, Tate & Carr, P.C. and attorney Tyler Dillard have experience conducting the discovery that is necessary in these Georgia minority shareholder cases and they have experience and connections with the best business valuation experts.
If you are a minority shareholder looking for representation in a Georgia Dissenters’ Rights case, or if you are a company who is need of an experienced Georgia Dissenters’ Rights attorney, please contact Andersen, Tate & Carr, P.C. and attorney Tyler Dillard for a consultation.