Lou Ciavarra Quoted in Massachusetts Lawyers Weekly’s “Judge denies dissolution of corporation in Hyannis ferry family feud”

March 14, 2022

The case of Scudder v. Scudder, et al. concerns a corporation’s shareholders being deadlocked as a result of the two 50-percent ownership factions being unable to elect successor directors at three consecutive annual meetings.  A Superior Court judge ruled that a plaintiff should not be granted the extraordinary remedy of dissolving a closely held corporation because he failed to show that the corporation had suffered or was being threatened with irreparable injury.  Lou Ciavarra spoke with Massachusetts Lawyers Weekly about this case:

Worcester business litigator Louis M. Ciavarra said the way events unfolded in Scudder underscores the importance of urging clients to follow corporate formalities at the formation of a corporation, even if family members cannot fathom that there will ever be a falling out.

“There are clients who think a lack of formality is a good thing, but it actually creates more problems than it solves,”Ciavarra said.

Continue reading “Judge denies dissolution of corporation in Hyannis ferry family feud” on the Massachusetts Lawyers Weekly website (subscription required).