Success in shareholder action

The commercial dispute team has recently settled a minority shareholder action for a total sum in excess of £140,000.

The minority shareholding alleged that the majority shareholders who were also the directors of the company had effectively transferred the business of the company to another company controlled by the majority shareholders in breach of his rights.

The matter settled shortly before trial with the majority shareholders also agreeing to pay the minority shareholders costs of the action.

Posted 5:10 PM | Permalink