The appellants appealed an order enforcing a settlement agreement.
The respondents had commenced an action claiming specific performance of an agreement to purchase shares and damages for misrepresentation, alleging they had invested $283,500 to purchase shares that were never delivered.
The appellants made a written settlement offer on September 9, 2016 for $428,537.
The respondents countered on October 5, 2016 with an offer for $900,000.
On November 23, 2016, the appellants' solicitor wrote indicating the shares had been registered in the respondents' names.
On December 22, 2016, the respondents accepted the September 9, 2016 offer.
The motion judge found a settlement had been reached and enforced it.
The appellants appealed, arguing enforcement would result in double recovery.
The Court of Appeal dismissed the appeal, finding the appellants failed to lead evidence establishing double recovery.