LEO: Conflict of Interest Corporation, LE Op. 400

 

Conflict of Interest Corporation.

 

January 19, 1981

 

Shareholder A owns 55% of a Corporation and Shareholder B owns 45% of the Corporation. Attorney has represented the Corporation over a period of years and his partner prepared a will for Shareholder A. It is not ethically permissible for Attorney to represent Shareholder B against Shareholder A in a dispute involving how the Corporation should be run or the activities of the Corporation. [See II: DR:5-105(A) and EC:5-18.]

 

Committee Opinion January 19, 1981

 

LEO: Conflict of Interest - Corporation, LE Op. 400 (1981)