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Bay Area Litigator Untangles Complex Case to Reinstate Rightful Ownership of a Local Business
REDWOOD CITY, CA--(Marketwired - Jan 28, 2016) - In 2014, the Law Offices of Jeffery F. Ryan successfully represented a prominent San Jose businessman in a complex litigation to resolve a dispute over the rightful ownership of who controlled majority shares of the K&L Supply Company. The dispute arose from a decades-long corporate and personal relationship between the plaintiff and his former spouse in which the rightful ownership became convoluted. Despite evidence to the contrary, the defendant, (acting as corporate secretary and shareholder of K&L Supply Company) refused to recognize the plaintiff (president and shareholder of the company) as the rightful majority shareholder, thus removing his control over the future of the company he had built since 1969. In a later effort, the defendant tried to remove the plaintiff from the company.
Even though the defendant claimed the plaintiff did not receive shares and that the company did not have a Minute and Stock Book, evidence discovered and presented by Jeffrey F. Ryan and his team refuted her claims. Mr. Ryan's investigation revealed the existence of documents supporting share ownership, including corporate filings stating the plaintiff was appointed president and shareholder, along with evidence of a Minute and Stock Book.
"Jeff has been nothing short of a savior for me. He substituted in as my attorney in a recent corporate action ten days before the case was set for trial. And despite almost insurmountable obstacles, he prevailed in establishing me as the majority owner of the company," stated the plaintiff.
Further, Mr. Ryan provided evidence that the plaintiff was the guiding force of the company, leading it through two facility upgrades and the establishment of an R&D operation in China. Today, K&L Supply Co. is a leading manufacturer and distributor of specialty tools, shop equipment, and hard parts for the franchises and independent dealers in the United States and internationally.
Jeffrey F. Ryan recently arranged and led a team of attorneys in a whistleblower case that resulted in a $75.5M settlement in favor of the firm's client. Over the past seven years, Mr. Ryan has settled over ten cases with settlements in excess of seven figures.
The Law Offices of Jeffrey F. Ryan is an association of attorneys licensed to practice law before all of the courts in the State of California, with a focus on business litigation in the areas of employment law, business disputes, trade secret and intellectual property law, and insurance bad faith cases. The firm also handles the negotiation of severance packages for executives. The Law Office of Jeffrey F. Ryan always acts in the best interests of its clients, the law, and the courts at all times.
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