Perry Glantz, Ryan Sugden Publish on Law360 on Civil Theft Liability
Denver attorneys Perry Glantz and Ryan Sugden recently published on Law360 regarding a Colorado Court of Appeals decision on civil theft against majority company shareholders. The authors discuss Tisch v. Tisch, in which the court of appeals affirmed a judgment in the minority shareholders' favor.
"If a jury believes the company should have made profits but did not because of the majority owner's financial decisions, the majority owner can be responsible for paying the minority owners three times the amount of profits the minority owners should have received," writes the authors.
Perry and Ryan go on to discuss this interpretation of civil theft by the Colorado court as one that could overwhelm breach of fiduciary duty claims, asserting that states with similar statutes may be more willing to expand civil theft after this decision.
Perry represents clients in all aspects of banking, trust and fiduciary, real estate, construction, contracts and general commercial litigation matters. He has served as lead trial counsel to numerous clients through complex business litigation proceedings.
Ryan litigates business and real estate disputes for private businesses, landowners, real estate developers and lenders. He has first- and second-chair trial experience at the state and federal appellate levels, preparing and arguing numerous successful dispositive motions.