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Tag Archives: Eastland Food

Md. high court will consider whether ‘de facto dividends’ exist

March 17, 2023 Leave a comment

The Maryland Supreme Court will consider whether the state recognizes pay raises to shareholding executives at privately held companies as “de facto dividends.”

Tagged with: de facto dividend dividends Eastland Food family business fiduciary duty Maryland Supreme Court Montgomery County shareholder unjust enrichment

Md. appeals court revives shareholder suit alleging ‘de facto dividend’

December 29, 2022 Comments Off on Md. appeals court revives shareholder suit alleging ‘de facto dividend’

Maryland’s second-highest court has revived the shareholder lawsuit of a man who claims his mother and brother illicitly enriched themselves while not paying him a “de facto dividend.”

Tagged with: de facto dividend dividend Eastland Food family business fiduciary duty shareholder unjust enrichment