Shareholders of family-owned businesses sometimes assert claims of misconduct against their co-owner relatives.  These claims can take the form of oral complaints or written claim letters.  However, actual lawsuits based on such claims must be timely filed in court or else they may be barred by the applicable statute of limitations, leaving the shareholder with no ability to pursue the claims.  A United States District Court in Ohio recently dismissed certain claims by a sister against her brother in connection with a family-owned business because, the court ruled, the sister waited too long before filing suit.
Continue Reading Watch the Calendar When Considering Claims in Connection With a Family-Owned Business