The applicants, a minority shareholder and its principal, sought an oppression remedy against the majority shareholder and his holding company in a family-owned transportation business.
The court found that the majority shareholder unfairly disregarded the applicants' interests by excluding the individual applicant from management, terminating his employment, paying excessive compensation to himself and his spouse, and improperly deducting expenses from the minority shareholder's dividends.
The court ordered the respondents to purchase the minority shares for $1,592,000 based on a February 2019 valuation and to pay $80,902.67 in compensation for unpaid dividends.
