This was a particularly difficult case where our poor client had been subjected to extremely unfair treatment that grew progressively worse over the past 10 years.
The difficulty was that while the majority shareholders had made many promises to and agreements with our client, all of this was verbal. Our client and the majority shareholder had started up the company on the basis of friendship and trust. There was no shareholders agreement, and only a handful of emails which might support our client’s version of events or were neutral. However there were event that supported our client’s version of the verbal agreements.
Naturally we had advised our client very honestly about the weakness of her case if the matter actually went to a full trial in the High Court.
Our client realised that if she failed to take action , she would never receive a fair price for her shares.
Our client shared her concerns with us. Our client feared that the majority shareholders were trying to make her life so difficult that she would give up hope and just sell her shares cheap.
Working with her, we developed a comprehensive litigation strategy that aimed to meet her goals. We put that strategy to work.
We are so happy to announce that we have successfully concluded the case . Our client finally received a very good settlement price for her shares, sufficient to provide for her elderly parents and to start a new business venture. The value of the company was about $9,000,000.00.
Thank you for your trust in us!