Texas Supreme Court Holds That Law Firm Could Not Redeem A Departing Partner's Shares For No Value Under The Parties' Shareholder Agreement

06.25.23

In Skeels v. Suder, a departing shareholder of a law firm sued regarding the firm's decision to redeem his shares for no consideration. No. 21-1014, 2023 Tex. LEXIS 578 (Tex. June 23, 2023). Partners of a law firm entered into a shareholder agreement that allowed certain individuals to take action. The resolution stated: Notwithstanding the...

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