Can the Termination of a Shareholder’s Employment be Oppression?

The termination of a shareholder’s employment may constitute oppression under N.J.S.A. 14A:12-7(b)(1)(c). That is because a person who holds a share in a closely held corporation often does so “for the assurance of employment in a closely-held corporation in the business.” Muellenberg v. Bilkon Corp., 143 N.J. 168, 180-181 (1996).

Article source: https://www.njlawblog.com/2018/05/articles/shareholder-oppression/can-the-termination-of-a-shareholders-employment-be-oppression/

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