Business Divorce Could Be Better Balanced In Texas

Law360, New York (October 29, 2013, 8:19 PM EDT) -- Business divorces can be exhausting, complex and emotional. When business partners lose trust and confidence in one another, and set out to disentangle themselves and their finances, the process is oftentimes lengthy and expensive. Common allegations found in business divorce lawsuits run the gamut from more mild cases involving the mismanagement of company affairs or nondisclosure of company information, to more extreme cases involving disloyalty, usurpation of company opportunities, or even outright misappropriation of company funds.

While the discovery that one’s business partner has mismanaged the...
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