Minority Shareholder Rights in a Closely Held Company

Litigation and Negligence

Before we talk about negligence, we need to talk about the Hopkins Centrich litigation philosophy:

When you have a serious legal issue that seems destined for a lawsuit, there is one thing you need to hear from your attorneys: “We will tell you the truth even if it’s unpleasant.”

That’s hard for a lot of lawyers to do because the last thing a client wants to hear is, “You don’t have a case,” “It’s time to pull the plug and walk away,” or “It’s not worth the expense just to prove you’re right.”

You need to know because you need to do whatever is best for your business. And to do that you need straight facts.

Hopkins Centrich PLLC gives you the facts . . . along with cutting edge, high quality, creative legal solutions to businesses in The Woodlands and beyond.

Business Law and Negligence

It’s an unfortunate fact of business life that sometimes the owners, shareholders, employees, and others in a closely held company do not act in the best interest of that company. Sometimes this is due to negligence.

Here are some examples of how negligence can manifest itself in a closely held company:


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Accounting negligence - An auditor fails to detect material misstatements in a company's financial statements resulting in reliance losses for investors or creditors.

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Legal malpractice - A business attorney fails to file and serve a complaint before the statute of limitations expires, costing the client its legal claim.

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Broker negligence - A stockbroker fails to execute a trade as specifically directed by a client, resulting in missed profit opportunities.

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Construction negligence - A contractor uses substandard building materials and methods resulting in a structure that is unsafe and requires remediation.

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Product liability - A manufacturer fails to inspect and test product designs, resulting in a defective and dangerous product that causes injury.

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Property inspection negligence - An inspector carelessly overlooks a severe termite infestation or major structural issues before a property purchase.

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Data breach negligence - A company fails to apply critical security patches and updates, allowing a data breach that compromises sensitive customer information.

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Delivery service negligence - A carrier mishandles and damages cargo due to unsafe loading practices and improper packaging handling.

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Fire damage negligence - An electrical contractor fails to follow safety procedures resulting in a fire that causes property damage.

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Valuation negligence - An appraiser applies methods and assumptions well below industry standards, resulting in an inaccurate business valuation.



Hopkins Centrich, Your Law Firm For Negligence Claims

Hopkins Centrich PLLC provides cutting edge, high quality, creative legal solutions for businesses and business owners in Texas.

Our attorneys and staff have decades of experience in virtually every aspect of business law in The Woodlands and Texas. We have designed and incorporated businesses, managed their every legal concern, engaged in litigation on their behalf, aided with mergers and acquisitions, managed mergers, acquisitions, and sales. We have pursued negligence claims for business owners, we have defended business owners when they have been falsely accused.

When we work with a client, our sole focus is on them. We take advantage of everything technology has to offer in order to optimize how we work. That gives us more time to spend with you, more time to understand the issues, more time to negotiate and prepare for trial. We get that no one wants to contact a law firm unless they feel they absolutely have to. When they do, it almost always means that ‘things have reached a head.’

The attorneys and staff of Hopkins Centrich understand what you are going through. We will make the process understandable; you will know what is happening with your case every step of the way, you will never have to track us down for answers.

How We Work

Hopkins Centrich is a team with a deep bench. All our attorneys have extensive litigation experience which they fully use when called for.

Hopkins Centrich’s attorneys all have ‘big firm’ backgrounds. They formed our firm with the goal of keeping the best of those firms while employing far more personal experience for our clients.

We do this by using technology to its fullest. We will make use of every cutting edge legal and business technology and methodologies to ensure that we will continue to deliver the highest quality legal services to our clients while allowing us to respond promptly and efficiently to client needs, exceed project requirements, operate effortlessly with narrow timeframes, and develop innovative and flexible legal solutions at competitive fees.

We are creative. We are agile. We quickly adapt to rapidly changing circumstances, including changes in the law.

Our vision statement may sum it up best. We will deliver highly skilled, ethical, and aggressive legal representation to every client by:

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Responding promptly to our clients’ needs;

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Anticipating business and legal trends that may affect our clients;

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Managing our clients’ matters in an efficient, caring, and proactive manner;

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Communicating regularly and clearly with our clients