The plaintiffs, collectively known as the "Groves Group," sought summary judgment for an "earn out" payment of $1,333,333.33, plus interest, from the defendant, UTS Consultants Inc. (UTS), under a Share Purchase Agreement.
In the alternative, they sought partial summary judgment for $491,010.83.
UTS argued that genuine issues requiring a trial existed, including a limitation period defense, waiver, and bad faith, and that the evidentiary record was insufficient for summary disposition.
The court dismissed the motion for summary judgment, finding that the plaintiffs failed to demonstrate there were no genuine issues requiring a trial, particularly given the need for credibility assessments and the inadequacy of the documentary evidence.
Partial summary judgment was also deemed inappropriate as it would not shorten the trial or avoid the risk of inconsistent findings.