4 Apr 2012
STILWELL V ICE GROUP (NZ) LIMITED COA CA798/2010
- Citation
- COA CA798/2010
- Court
- Court of Appeal
The Court of Appeal held Thomson's conduct after 2005 was unfairly prejudicial to the appellants because he allowed a de facto exclusion of the appellants by failing to complete share sale formalities, failed to keep shareholders informed and maintain corporate formalities, and thus the appropriate, just and equitable relief was to order Thomson to acquire the appellants' shares at fair market value as at 31 March 2005 with interest from 1 May 2005; appellants are not entitled to share post-2005 Defence profits.