Avoiding Corporate Divorce

The presentation will discuss the destruction and turmoil that an unprepared company may face during times of sudden change. As companies and business owners face personnel changes, deaths and executive disagreements, they are often faced with governance documents which don’t properly provide for such situations. This can unfortunately lead to a corporate divorce thereby destroying a legacy, wealth, and placing loyal employees out of work or in the midst of utter turmoil. If properly planned, many companies, their principals and families and employees can avoid such ugly, unnecessary and debilitating litigation.
 
This workshop will address the pitfalls of the unprepared corporate entity and discuss several recent cases.  Specific topics include:

  • Voluntary and Involuntary Executive Withdrawal
  • Death and Disability of Principals
  • Proper Corporate Documentation and Control
  • Recent Litigation and Case Studies

Date: August 12, 2009
Location: Middlebay Country Club, 3600 Skillman Avenue, Oceanside, NY  11572
Telephone: 516-766-1880
RSVP (regrets only) via e-mail to all members and the chair. This closed workshop is part of an All Day Executive Session for Vistage International, Inc.

The featured speaker is Joseph N. Paykin of Paykin Krieg and Adams LLP. Mr. Paykin is an experienced trial attorney who has been involved in all aspects of commercial and corporate litigation representing both plaintiffs and defendants in state and federal trial, appellate and bankruptcy courts.  Representative cases include prosecuting and defending federal and blue sky securities claims, including securities class actions; minority shareholder dissolution actions; restrictive covenant claims; breach of contract actions; legal malpractice actions; fraudulent transfer/alter ego actions; as well as industry and customer disputes before the NASD.  Mr. Paykin also counsels numerous private companies on their various financing and capitalization alternatives.  These include, but are not limited to, going public via reverse merger, IPO’s and private placements.  Likewise, he represents numerous public and private negotiating and structuring asset purchases and sales.  A 1986 graduate of Johns Hopkins University, he received his J.D. degree in 1989 from Washington University School of Law.  He is admitted to the practice of law in the courts of the States of New York and Florida, the United States District Court for the Southern and Eastern Districts of New York and the Second Circuit Court of Appeals.  He now sits on the board of directors for the LaChapelle Foundation for the Arts and on the advisory board for the Latino Organization for Liver Awareness.