Shareholder Dispute
with Oppression:
Our client, a one-tenth owner of a very profitable
business, was in a position of oppression. He was no
longer privy to financial statements, no longer receiving
profit distributions (in the way of bonuses) that were
prorated equally amongst the other shareholders and he was
not informed of any aspect of the company's operations.
The nature of the dispute was very contentious, such that
the process of gathering information for our valuation
work was a very long, grueling process.
We worked
very closely with legal counsel on this engagement and
were involved in strategy sessions, examinations for
discovery, information requests and numerous other
initiatives. As the file progressed, we were able to
gather certain information and prepare preliminary sets of
valuation analysis which indicated a significant value for
our client's interest.
The strength
of our preliminary conclusions, coupled with legal
counsel's strong negotiating ability, resulted in a
settlement that was almost 15 times the amount initially
offered by our client several years earlier (and rejected
by the 90% owners of the company). Our client was
very happy with the multi-million dollar settlement and
now is able to live his life without worrying about his
significant investment.
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