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the following BL TV program is brought to you by OFlaherty law please enjoy my name is Kevin o Flaherty from OFlaherty law and today were gonna explain shareholder oppression in Illinois shareholder oppression is basically when the controlling shareholders in a company unfairly take advantage of minority shareholders minority shareholder is anybody who owns less than 50% of the stock or doesnt have a controlling interest in the company so the Illinois Business Corporation Act defines shareholder oppression as occurring when the majority shareholders or directors of a non public corporation act in an illegal oppressive or fraudulent manner with respect to a minority shareholder or when they miss apply or waste a companys assets oppressive behavior as a term of art and thats defined as behavior that is arbitrary overbearing or heavy-handed theres no definition exactly of what types of behavior constitutes shareholder oppression in the business Corporation Act this has been you lo