Shareholder Disputes refers to a large category of problems related to disagreements among majority and minority claimants. These may be driven by the wishes of one or more shareholders to terminate the shareholder relationship. They could also be driven by minority shareholder concerns regarding actions of controlling shareholders.
WEFA, LLC Principals have expertise in analyzing the incentives and damages related to shareholder disputes, including particular insights into those related to the Venture Capital industry.
Valuation of Competing Claims (Jones Day, Atlanta, GA)
Breach-of-Contract Damages (Baker & McKensie, Zurich Switzerland)
Intellectual Property Misappropriation (Fatdoor, Inc., Palo Alto, CA)
“Does Reputation Limit Opportunistic Behavior in the VC Industry? Evidence from Litigation against VCs,” 2012, Journal of Finance, 67, 2215-2246.
“Conflicts of Interest and Litigation in the Venture Capital Industry,” 2010, in Douglas J. Cumming, ed., Companion to Venture Capital, Chapter 17, Wiley.
“Unbundling and Measuring Tunneling,” 2014, University of Illinois Law Review, forthcoming.
“Self-Dealing by Corporate Insiders: Legal Constraints and Loopholes,” 2012, in Brett McDonnell and Claire Hill, eds., Research Handbook on the Economics of Corporate Law, Edward Elgar Publishing.
“Tunneling Techniques and Their Effect on Firm Value around the World,” 2011, in Alireza Tourani-Rad and Coral Ingley, eds., Handbook on Emerging Issues in Corporate Governance, World Scientific Publishing.
“Law and Tunneling,” 2011, Journal of Corporation Law, 37, 1-49.
“Is There Shareholder Expropriation in the United States? An Analysis of Publicly-Traded Subsidiaries,” 2010, Journal of Financial and Quantitative Analysis, 45, 1-26.
“How Much Value Can Blockholders Tunnel? Evidence from the Bulgarian Mass Privatization Auctions,” 2005, Journal of Financial Economics, 76, 191-234.
“How Does Law Affect Finance: An Examination of Equity Tunneling in Bulgaria,” 2010, Journal of Financial Economics, 96, 155-173.