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

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

Two years ago, Carrie Buppert Frasure returned to the fields and greenhouses of her family’s business, Buppert’s Doran’s Chance Farm in Marriottsville. There, they raise and sell flowers, fruits and vegetables. Frasure’s husband, Jesse, is the part-time beekeeper, and their ...

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