Following a 3-day hearing to determine the valuation of the plaintiff's 50% shareholding interest in a group of companies, the court awarded costs to the defendants.
The court found the hearing was unnecessary as the plaintiff had unsuccessfully challenged a court-appointed business valuator's report and the defendants had made a reasonable buyout offer prior to the hearing.
Costs were awarded to the defendants on a substantial indemnity scale in the amount of $89,039.24, plus $25,000 for a portion of the valuator's fees.
