23 Apr 2012
CRITCHLEY V BERMINGHAM HC AK CIV-2009-404-001190
- Citation
- openlaw-ef4a9d15_8631_430d_bdc4_93c1ea6457aa.pdf
- Court
- High Court
No binding agreement was proven that transferred 15% of shares to the plaintiff on 12 January 2007; at most the parties agreed a future conditional sale of 15% contingent on the plaintiff demonstrating value to the company (by facilitating significant sales) with any sale to be documented formally; plaintiff failed to prove he met those conditions or that his services conferred meaningful lasting value to the company; moreover any quantum meruit claim against the company was extinguished when the company was liquidated; accordingly judgment entered for the first and second defendants and plai…