Plaintiff minority shareholder was entitled to bring this action for willfully unfair and oppressive conduct under Sect. 489 of the Michigan Business Corporation Act, MCL 450.1489. Plaintiff's claim arises from defendant director's proposed plan to have Liquid Dustlayer redeem defendant's stock on terms not made available to plaintiff. The trial court awarded plaintiff $769,600 for the value of his minority interest. The court of appeals affirmed. Contact a minority shareholder attorney today for a 'no risk' consultation.
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