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Expert Analysis

Colo. Majority Shareholders May Face Civil Theft Liability

By Perry Glantz and Ryan Sugden (July 31, 2019, 12:35 PM EDT) -- Majority owners of corporations or limited liability companies who actively control the business and its finances have another worry to add to the list of day-to-day concerns thanks to a recent court decision in Colorado. Now, majority owners must worry about minority owners accusing them of civil "theft" if the minority interest owner believes the business should have generated profits for the owners, even when the company did not do so....

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