One might expect that a sheriff's sale of stock pursuant to a writ of execution could not result in a viable claim for conversion by a judgment debtor. A California Court of Appeal, however, has ruled that it could.
Sale Of Shares At Sheriff's Sale May Constitute Conversion
Posted on December 15, 2017
Failure To Return Shares Subject To Repurchase Right Supports Conversion Claim
Posted on April 18, 2017
Closely held issuers often include a repurchase right in their equity award agreements. I expect that in most cases, shareholders will comply with these provisions. When a shareholder doesn't, the company's most obvious cause of action will be for...