Advertising Disclosure Email Disclosure

Terms of shareholder agreement defining employment as “at-will” precludes claim that shareholder could only be terminated “for cause.”

January 1, 2019
Metro Commercial Management Services v. Van Istendal, Docket No. A-275-17T4 (App. Div., Nov. 19, 2018)

Van Istendal was an employee and minority shareholder in a closely held real estate management company. She took the position that her minority shareholder status mandated that she could only be terminated “for cause.” After being terminated, the plaintiff asserted a claim of minority oppression. However, the Appellate Division dismissed her claim based upon a finding that the shareholder agreement clearly specified that the employment relationship remained “at-will” and was not effected by the ownership interest. 


Case Law Alerts, 1st Quarter, January 2019

Case Law Alerts is prepared by Marshall Dennehey Warner Coleman & Goggin to provide information on recent developments of interest to our readers. This publication is not intended to provide legal advice for a specific situation or to create an attorney-client relationship. Copyright © 2019 Marshall Dennehey Warner Coleman & Goggin, all rights reserved. This article may not be reprinted without the express written permission of our firm.

Affiliated Attorney

Lawrence B. Berg
(856) 414-6031

Practice Areas

Before you send this email please note:

You are attempting to send email, through a link on our website, to an attorney of Marshall Dennehey Warner Coleman & Goggin or an employee in our firm. Please note that your email may not be treated as confidential and does not create an attorney-client relationship. You should not rely upon the transmission of an email through this website if you are seeking to enter into such a relationship. Until such time as we have agreed to represent you, no information in your email will be treated as confidential. Please contact us directly by telephone at 1.800.220.3308 if it is your intent to seek legal counsel with our firm or convey confidential information.

If it is still your intent to send this email, knowing that it may not be treated as confidential, you may accept our terms of agreement by pressing "OK". If you choose not to accept these terms of agreement you may navigate away from this page by pressing "Cancel."