LPGM Obtains Preliminary Injunction Returning Control of Corporation to Owner

LPGM attorneys David Potter and Jaipat Jain obtained a preliminary injunction for an LPGM client in United States District Court in Minnesota that foiled an attempted corporate coup.  After the owner of two wholly-owned subsidiaries advised the CEO of those two companies that he was being replaced, the CEO refused to leave and purported to remove the other two directors in each company.  Upon LPGM’s motion, the Court enjoined the CEO from representing himself as an owner, director, officer, employee, or agent of the companies.  A copy of the Court’s decision is available here.

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