Michael J. Lambert
Phone: 603.627.8137
Fax: 603.641.2373
mlambert@sheehan.com
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Attorney Michael Lambert Navigates Start-Up Company Through Shareholder Dispute |
(October 23, 2006. Manchester, NH.) - Sheehan Phinney Bass + Green shareholder Michael Lambert successfully guided a start-up medical device manufacturer through a divisive shareholder dispute.
NeoDevices is a Keene, N.H-based company that manufactures neonatal patient products. The shareholders and the majority of the board of directors had multiple disputes with the president and major shareholder of the company, including issues involving managerial control, accounting irregularities and breach of fiduciary duty.
Lambert represented the company in litigation filed in state and federal courts, as well as several days of arbitration. Lambert secured several preliminary victories at arbitration, including the threshold issue of company control. He ultimately negotiated a global resolution favorable to the company that included the embattled president stepping down, redeeming his shares and being subject to a non-compete agreement.
"Michael's aggressive advocacy and sage counsel brought this company through a very rough period," says Alan Reid, president of the company. "Disputes like these can destroy small companies. He saw to it that our company got the best possible result from a difficult situation."
Lambert's litigation practice includes complex commercial litigation, insurance coverage, insurance defense and product liability defense. He represents clients in administrative, federal and state court proceedings in both New Hampshire and Massachusetts.
Sheehan Phinney is a regional business law firm with offices in Manchester, Concord and Lebanon, NH, and in Boston, MA. The firm provides a broad range of sophisticated legal services to businesses and institutions in traditional and emerging areas of the law. Its diverse client base includes local and regional organizations, as well as national and international businesses with interests in the Northeast. |
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