Starting a business is a big risk, but it’s even scarier to be forced to put that business on the line because of litigation so serious that it threatens the entire future of the company. While it may sound misleading “bet-the-company” litigation is any type of litigation that threatens the business’s continued existence. Bet-the-company litigation can include the loss of key talent, a government investigation, or a civil judgment that could render the company insolvent.
This type of business litigation is on the rise. Bet-the-company cases have quadrupled between 2014 and 2016, according to research from BTI Consulting Group. If your company has been caught in a bet- the-company case and you need legal help, call the national corporate litigation attorneys at Burg Simpson today at (866) 234-7768.
“Bet your business” – or high stakes – litigation is any litigation that poses a danger to the solvency of a company – regardless of whether it ever sees the inside of a courtroom. It is an area of business and commercial law that has hit an all-time high. More than half of large companies today are stuck in a bet your business case. That is a huge leap over just two years ago when less than 13 percent of companies were managing such a case. Betting your business has become so prevalent that it is just part of doing business.
Experts blame this growing – and expensive – trend on a variety of factors, such as:
- Changing state and federal laws
- Rapidly changing technology
- Relevant court cases
If your company is involved in a bet your business case, and you need legal assistance, call a civil litigation attorney in our Phoenix Arizona office at 602-777-7000 or fill out our FREE CASE EVALUATION FORM right now.
WHAT MAKES A BET YOUR BUSINESS CASE?
Specific types of cases lend themselves to this type of litigation, such as intellectual property disputes, class action suits, and employment cases.
Intellectual property: If your company is sued by a former partner, employee, or business rival for a dispute over intellectual property, not only can it threaten the viability of your business, it could prevent you from operating normally until the dispute is resolved.
Shareholder litigation: Legal action brought by shareholders can force a liquidation of assets and/or a dissolution of the company.
Trade secrets: A disgruntled former employee who takes your company’s secrets to a rival company can obviously threaten the viability of your business. Similarly, if your company benefits from such actions, defending such a lawsuit can be expensive enough to threaten your business.
Product liability: Lawsuits over a potential product liability can bankrupt any company, especially if such a suit escalates to class action status.
These high-stakes lawsuits can quickly threaten a company’s future. Prosecuting and defending these legal actions requires nothing less than a relentless approach that most in-house attorneys are not equipped to handle. Reach out to a commercial litigation lawyer in Phoenix Arizona today by calling 602-777-7000 so we can go over your case with you as soon as possible.
BRING EXPERIENCE WHEN YOU BET YOUR BUSINESS
Our Burg Simpson Arizona office provides professional, personalized representation for any size business – from a one-person startup to a major corporation. We will fight vigorously for your rights. We are experienced in Arizona state and federal courts, as well as being admitted to practice anywhere across the country. No case is too big for Burg Simpson.
We always strive to offer the most thorough, cost-effective representation for all of our clients. Everything we do is to advance the client’s best interest. Call a Burg Simpson civil defense attorney today at 602-777-7000 so we can get started on your case right away.
CONTACT BURG SIMPSON FOR LEGAL HELP
Bet your business litigation is probably the costliest, riskiest legal action your company will ever face. Do not take any chances with what you have worked so hard to build. Contact an experienced corporate litigation lawyer in Phoenix today at 602-777-7000 or fill out our Free Case Evaluation form so we can help save your business.