Bruemmer v. Gilligan: Ohio Court Upholds Minority Shareholder Firing

Bruemmer, a minority shareholder and employee, challenged his termination and alleged breach of fiduciary duty. The Ohio Court of Appeals held that majority shareholders in a close corporation may terminate a minority shareholder's employment when there is a legitimate business reason. The court found sufficient performance and conduct issues to justify the termination and affirmed summary judgment for the majority owners.

Original article:https://www.whitcomblawpc.com/business-law-blog/bruemmer-v.-gilligan-ohio-court-upholds-minority-shareholder-firing