4 ms·
I'm not a lawyer, and I don't read a lot of lawsuits by any stretch, but this actually makes Proper Media sounds like a bunch of assholes who are trying to seiz
by joekrill 9y ago
I'm not a lawyer, and I don't read a lot of lawsuits by any stretch, but this actually makes Proper Media sounds like a bunch of assholes who are trying to seize control of a company they have no right to. Paragraph 5 itself states that "Bardav’s shareholders may not be companies" due to how they elected to incorporate. But this whole lawsuit centers around how "Proper Media" (the company, who can't in-and-of-itself own any portion of Bardav) is the one being wronged, because the actions taken weren't in their favor. They are effectively a vendor. They, as a company, are not the shareholders (even though the underlying people are shareholders in both companies).
They allege that Vincent Green conspired with Mikkelson, but they aren't pursuing legal action against him -- just against Mikkelson?
It sounds like they're just pissed that Snopes no longer wanted to use Proper Media as a vendor. And I can see why they would be. If I owned an office building, and also owned an office cleaning company, I'd want my cleaning company cleaning those offices. But if my tenants decide my cleaning company sucks, should I be able to evict them and take-over their business?
Again, IANAL. I'm probably making the complete wrong analogy and oversimplifying this. Who knows. This is just purely my personal take on something I have zero expertise in, based on a document I skimmed very quickly.
- tyingq 9y ago>sounds like a bunch of assholes who are trying to seize control of a company they have no right to The part that's not obvious is that the Mikkelson couple originally had 50/50 ownership, and Mrs Mikkelson sold her 50% interest to Proper Media.
- joekrill 9y agoNo she did not! That's my point. She sold her 50% interest to 5 individual shareholders who also happened to be "members" (not sure what that means, legally speaking) of Proper Media. Proper Media itself could NOT be an owner even though they clearly wanted it that way: > "Because Bardav elected pass-through tax treatment under Subchapter S of the Internal Revenue Code, Bardav’s shareholders may not be companies
- tyingq 9y agoAhh, thanks...I see. That is messy.