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All decided matters

2021Cook County ChanceryFor the minority members

Okafor v. Tamsin Brewing Co.

No. 2021 CH 02266 (Cir. Ct. Cook Cty.)

Minority members of a family craft brewer shut out of management after a failed buyout, and the valuation fight that followed.

What was at stake

Two founding members were removed from the board after refusing a buyout offer they considered far below value.

How we ran it

We brought oppression claims under the Illinois LLC Act and pushed for an early valuation exchange.

The outcome

The court ordered a buyout at a value set by an independent appraiser, well above the original offer.

The parties agreed payment terms without a further hearing.

The turning point

Emails showed the removal had been planned as leverage in the buyout negotiation.

The lesson

Minority owners have real remedies in Illinois when majority control is used to squeeze them out.

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