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Author: ElsterLawOffice -- Saint Louis Missouri

Guarantees: Interpretation, Breach

Personal guarantees or guarantees by another business are commonly required by lenders to provide additional safeguards for a loan.  In litigation, the same rules that apply to contract interpretation apply to guaranty interpretation. Royal Banks of Mo v. Fridkin, 819 S.W.2d 359, 361 (Mo. 1991). Specifically, the language of the guaranty is to be understood in […]

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Strategic Lawsuits Against Public Participation (SLAPP)

Missouri, like most states, has laws prohibiting and/or creating liability for strategic lawsuits against public participation (“SLAPP”).  Under Missouri’s Anti-SLAPP statute in Section 537.528, RSMo, an action seeking money damages against a person for conduct or speech occurring in connection with a public hearing or meeting is subject to special motions to dismiss, for judgment […]

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Real Estate Valuation, Experts

Sometimes it is necessary in real estate disputes to provide the value of real estate. Obviously, opinions and values can vary wildly. The “fair market value” of real estate is generally what a “willing buyer would pay in cash to a willing seller.” Labrayere v. Bohr Farms, LLC, 458 S.W.3d 319, 330 (Mo. 2015). An […]

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Contractual Exculpatory Clauses

Sometimes a point of contention in breach of contract disputes, an exculpatory clause/provision in a contract is one which releases a person from his or her own future negligence. While these provisions are disfavored in Missouri, they are not per se void. Alack v. Vic Tanny Int’l of Missouri, Inc., 923 S.W.2d 330, 334 (Mo. […]

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Virtual Representation, Trust Disputes, Beneficiaries

Many types of trust litigation claims, including most breach of trust claims (e.g., breach of fiduciary duty) against a trustee and trust contests, require that all qualified beneficiaries to the trust be joined as parties. The reasoning is that if the Court is adjudicating a trust in which someone has an interest in, that person […]

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LLC Derivative Lawsuits

Though the cases are not as nearly developed as with corporations, limited liability companies (LLCs) are subject to derivative lawsuits. A typical derivative lawsuit is one in which a member/owner of the company brings a claim on behalf of the LLC against a manager, director or third-party. Usually the manager/director is authorized to bring the […]

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Continuing Wrong Exception to Statute of Limitations

Failure to bring a claim within the applicable statute of limitations means that the claim is time-barred. The best lawsuit in the world cannot be brought out of time. The clock starts ticking on when to bring the claim when the cause of action has “accrued” — i.e., usually when the damages are reasonably ascertainable. […]

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LLC Manager Removal

Unlike with corporations, partnerships and other business entities, there are few statutory provisions addressing the procedures for removing a manager of a limited liability company in Missouri. If a LLC is manager-managed, then management is vested in the manager(s), who has the right and authority to manage the affairs of the LLC and make decisions […]

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Injunctive Relief

An injunction is an order from the court to refrain from certain conduct or to perform some certain act(s). It is a form of equitable relief. In contrast, legal relief usually comes in the form of money damages to compensate someone for an injury. Equitable relief is typically appropriate when monetary relief would be inadequate. […]

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Nonprofit Corporation Derivative Actions

A corporate derivative action is one in which a shareholder or member sues on behalf of the corporation and against a director — usually for mismanagement, breach of fiduciary duty and/or some other malfeasance. The reasoning is that the injury is to the corporation and that the corporation, not its members/shareholders, must bring the suit […]

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