Shareholder Oppression Cases

Representative Cases

Representative Cases

  • Represented non-controlling owners of a nationally known real estate development company in one of the largest and most significant minority shareholder oppression lawsuits in the history of South Carolina. Litigation was settled by clients’ purchase of controlling owners’ equity interests and resale of all equity interests to third party purchaser. The business transactions resulted in the clients receiving full value for their ownership interests in the various entities.
  • Represented the majority but non-controlling shareholders and other attorneys in litigation resulting in the division of South Carolina’s largest plaintiffs law firm.
  • Represented the minority shareholder in a company formed to develop a marina on Lake Keowee. The trial court ruled that the majority had engaged in shareholder oppression, and this result was affirmed by the South Carolina Supreme Court in the first appellate decision in the state finding that shareholder oppression could occur in a start-up venture before business operations have commenced. Ballard v. Roberson, 399 S.C. 588, 733 S.E.2d 107 (2012). On remand, the trial court ordered the defendants to purchase our client’s stock for $3.7 million.
  • Represented minority shareholder in manufacturing business in litigation against corporation and controlling shareholders. Case settled with buy-out of client’s stock.
  • Tried a multi-day case for a minority shareholder in a large retail business in Bankruptcy Court, resulting in a court finding of oppression and stock purchase.
  • Tried a multi-day case for a minority shareholder in a large real estate business in Federal Court, resulting in a court finding of oppression and stock purchase, and prevailed on appeal to the Fourth Circuit to secure an award of attorneys’ fees.
  • Defended majority shareholders in a professional service business in litigation, negotiating a stock purchase and resignation of a minority shareholder.
  • Represented fifty percent shareholder in retail business against other shareholder who managed the business. Our client sought derivative recovery and corporate dissolution. Case settled on second day of trial with defendant giving up stock, the outcome desired by our client.
Matthew Richardson

Matthew Richardson

Lead Contact

Matthew’s practice focuses mostly on complex civil litigation, and he has participated in some of the largest and most complicated litigation in South Carolina in the past 20 years, including the largest minority owner oppression litigation, the largest public utility rate case, the largest public corruption investigation and prosecution in a generation, the statewide redistricting challenges, statewide consumer protection litigation, and a federal constitutional challenge to temporary rate relief after construction was…

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