Shareholder Awards Increased After Judge's Math Blunder

Law360, New York (August 2, 2013, 8:25 PM EDT) -- A New Jersey appellate panel Thursday said the state’s law governing corporations doesn’t apply to a limited liability corporation, tossing out two men’s claims they were oppressed shareholders in their former company, but increasing their monetary award after a trial judge made erroneous calculations.

A three-judge panel on the Superior Court of New Jersey’s appellate division reversed a trial court’s determination that Roman Tutunikov and Viktor Zurakhinsky were oppressed shareholders in a pair of companies, Markov Processes Inc. and Miksoft Inc., in which they once held...
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