We are happy to announce that we have just successfully cured the headache of our client, a founder and majority shareholder of a tech company.
This was a case where the other party was fully aware of his legal rights and using his own lawyers, was creating a lot of problems for our client. Essentially the other party was bringing up allegedly wrong doings by our client and alleging that that our client had been hiding these alleged wrongdoings.
We came into the picture at a late stage.
After detailed fact finding, we found that in fact the other party was fully aware and had consented to the alleged “wrong doings”.
Although there was no written shareholders agreement and not direct written evidence, by careful investigation of the surrounding facts we were able to assemble a jigsaw of facts and circumstantial evidence into a comprehensive picture that strongly supported our client’s version of events.
Our client believed that the other party was seeking to either buy over our client’s share or force our client to buy over the other party’s shares at a very high price. The other party had information that our client was about to secure some major customer contracts.
Working with our client, we developed a comprehensive litigation strategy that aimed to achieve his objectives to retain control of the company and buy out the other party. We put that strategy to work.
We are so happy to announce that we have successfully concluded the case . The other party sold his shares to our client upon our client at his original acquisition price less our legal fees. The value of the company was about $5,000,000.00.
Thank you for your trust in us!
NB: Unless expressly authorised by our clients, names and other identifying details have been altered to maintain client confidentiality.