Mr and Mrs A together held 50% of the entire share capital in company X. In 2022, a dispute arose between them and their two fellow shareholders, Mr and Mrs B.
Mr and Mrs A were subjected to a series of alleged unfairly prejudicial conduct; including being “shut out” of company X from 2022.
Specialist commercial litigators Louise Hebborn and Jade Fairhurst were initially instructed to advise upon a potential claim for unfair prejudice, the legal position of Mr and Mrs A and what their potential remedies were considering the alleged conduct towards them. The team assisted in obtaining a share valuation report from a reputable expert accountant to determine the true value of Mr and Mrs A’s shares in company X.
Following several pre-action correspondences passing between the parties and their legal teams in which a resolution was appearing to become less and less likely, the parties agreed to an early mediation on the matter before Mr and Mrs A took the step to issue their petition at court.
The matter settled at mediation, with Stephensons securing a settlement just less than £900,000 for Mr and Mrs A in return for Mr and Mrs B purchasing their shares in company X.
If you require advice from our expert commerical litigation team please call us on 0161 696 6170.