Step-Sons v Step-Mother

Step-mother owned a minority interest in a company run by step-sons. After her husband, and their father, passed away, the step-sons tried to steal the company away from their step-mother. Mr. Horwitz reviewed the company operating agreement and enforced a clause permitting the offeree to switch places and become the offeror, on identical terms and conditions as offered to the offeree. After extended negotiations, during which the step-sons accused their step-mother of trying to cheat them with such a low-ball offer, the step-sons agreed to purchase the step-mother’s minority interest for seven figures.