Corporate Governance Attorneys in Manhattan, NY
Experienced Representation for New York Corporations
Corporate governance lawsuits can put companies and professionals under immense pressure, with the potential for disastrous legal consequences. Such legal disputes are often emotionally and financially taxing for everyone involved, making it all the more vital for New York businesses to secure representation from an experienced corporate governance lawyer as soon as possible when facing allegations.
At KI Legal, our knowledgeable corporate governance attorneys understand the importance of complying with corporate governance laws. It’s imperative for New York corporations to know the legal ramifications of violating corporate governance laws, as doing so can have serious consequences on their business and financial security. Keep reading to learn about corporate governance law, common violations, and what steps corporate professionals can take to safeguard their hard-earned reputations and minimize potential damages when facing allegations of corporate governance violations.
Corporate Governance Laws
Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of various stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community.
Common Corporate Governance Cases
Various violations can lead to corporate governance lawsuits.
In New York, common lawsuits faced by businesses include:
- Shareholder derivative actions: Shareholders can file lawsuits on behalf of the corporation to challenge actions taken by directors or officers that harm the corporation's interests. These lawsuits aim to hold responsible parties accountable for breaches of fiduciary duties, such as self-dealing, fraud, or mismanagement.
- Breach of fiduciary duty: Directors and officers owe fiduciary duties to the corporation and its shareholders, including the duty of care and the duty of loyalty. Breach of these duties, such as acting in self-interest or failing to exercise reasonable care, can lead to lawsuits seeking damages or removal of the responsible individuals.
- Securities fraud claims: Shareholders and investors may file lawsuits against companies and their executives for misleading statements, omissions of material facts, or other fraudulent activities that affect the value of securities. These claims aim to recover financial losses suffered as a result of the fraud.
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Ralph has an exceptional knowledge of the law and an extremely high moral compass. He hates injustice and will pour his heart and soul into representing you and protecting your rights.- Former Client
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Our lawyer was professional, knowledgeable and reliable through the process. I would recommend him to anyone.- John N.
Having Michael as my attorney was definitely the best decision I made. He fought hard for our case and remained patient. I never felt left out throughout the case and I was always informed of next steps.- Nayel S.
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