Shareholder Files Derivative Action against Majority Shareholder — $157,000 recovery for minority shareholder in privately held company. Representing the minority shareholder, we sued the majority shareholder in a derivative action for breach of fiduciary duty, misappropriation of funds and self-dealing. We convinced the court to appoint a receiver to take control of the company's operations and perform a forensic accounting of the company's income and expenses. In order to end the litigation, the majority shareholder purchased all of the minority shareholder's stock in the company, paid our attorney's fees, and compensated the minority shareholder for the damages he sustained as a result of the majority shareholder's alleged misconduct.