Category Archives: Litigation

Do Fiduciary Duties Apply Between Equal, 50/50 Shareholders?

Fiduciary duties are often described as the highest duties recognized under the law.  Their application, however, is often challenged by litigants in court.  In a recent case before Iowa’s Business Court, the Honorable Judge John Telleen was tasked with determining whether equal, 50/50 … Continue reading

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Protecting Your Trade Secret in the Court of Law

Savvy business owners understand the value of protecting proprietary information; especially when the information provides a competitive advantage in the marketplace (commonly referred to as a trade secret).  What happens, however, when your business is unexpectedly defending claims in our … Continue reading

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Protecting Your Business’ Trade Secret in a Court of Law

Savvy business owners understand the value of protecting proprietary information, especially when the information provides a competitive advantage in the marketplace (commonly referred to as a trade secret).  What happens, however, when your business is unexpectedly defending claims in a public … Continue reading

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Follow State Law or Risk Negligence Per Se Claim

Negligence is a term commonly used by lawyers and non-lawyers alike.  But what does the term mean?  In short, this one word generally describes one party’s failure to exercise reasonable care, causing damage to another.  Recently, the Iowa Court of Appeals … Continue reading

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Cybersecurity and Your Business’ Board of Directors

A recent court opinion underscores the importance for a company’s board of directors to assess cybersecurity. As we’ve explored in several prior posts, directors are charged with exercising fiduciary duties, including the duties of care, loyalty, and oversight. It is … Continue reading

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Deleting Emails May Muddy Legals Waters

Purging emails has been the topic of conversation amongst political pundits over the past few weeks, but how, if at all, can cleansing emails create legal problems for your business? One example… the Court system. In short, Iowa law generally prohibits … Continue reading

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Can I Force My Iowa Corporation to Buy My Stock?

Minority shareholders seeking to exit an Iowa corporation frequently ask, “can I force my closely-held Iowa corporation to purchase my stock.”  A great question, but one that is frequently met with a variety of answers.  On January 21, 2014, the Delaware Supreme Court … Continue reading

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7 Corporate Records an Iowa Corporation Must Keep

Iowa shareholders who are either seeking to learn more about their corporation or who are investigating potential corporate wrongdoing, often inquire as to what corporate records (i.e. documents) their corporation must keep.  Not surprisingly, reviewing a corporation’s records often provides shareholders … Continue reading

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Pre-Incorporation Liability for Iowa Entrepreneurs and Startups

So you’ve come up with the next “big thing,” and you’re excited, anxious, and busting at the seams to get started.  All natural feelings, but before getting too far down that exciting path, be careful not to put your cart … Continue reading

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Care, or Beware! Iowa’s Fiduciary Duty of Care

With Valentine’s Day just around the corner, we think it’s high time to further explore “caring” in the corporate context.  And while we’ve frequently addressed the broad concept of fiduciary duties that Iowa law and Iowa courts impose upon corporate … Continue reading

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