We handle numerous New York, New Jersey, Connecticut and international shareholder and member disputes. The main reasons for these disputes are because of t
he lack of an adequate Shareholder, Operations or Partnership Agreement, the lack of due diligence or nefarious acts by a member, shareholder or controlling directors. Analyzing whether to file a lawsuit is, often, a matter of economics.
A civil law suit at the court of first instance may take over a year. Your attorney in New York will need to file a complaint to in a NY court, file a reply to the defendant, depose witnesses, file pre-trial requests and make numerous appearances in court and at pre-trial conferences. The process is cumbersome, time consuming and of course will not be cheap.
Thus, we, always, sit down with our clients and do a detailed cost-benefit analyses. Many New York law firms push to file a lawsuit for obvious reasons, however, find a lawyer that shall talk with you and carefully analysis the costs and benefits of filing a lawsuit in New York.
Always, prior to paying for litigation, sit down with a business-savvy New York street-smart lawyer and discuss if litigation is the right choice for resolving your shareholder, member or partnership dispute.
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