This case concerned a shareholder dispute that arose after one of the company's shareholders died.
The deceased shareholder, Mr McCallum-Toppin, had held a significant stake in the company.
His widow had been appointed executor of his estate and became a shareholder in the company due to his death.
The dispute arose when the company's remaining shareholders attempted to remove Mr McCallum-Toppin's widow from the board of directors.
They claimed she had been engaging in detrimental actions to the company and its shareholders.
Mrs McCallum-Toppin disputed these claims and brought a claim for unfair prejudice against the company and its directors.
She argued that she had been unfairly excluded from management decisions and that the other shareholders had been diluting her stake in the company.
The court ultimately found in favour of Mrs McCallum-Toppin, ruling that the actions of the other shareholders had unfairly prejudiced her.
The court ordered her shares be bought out at "fair value" without a minority shareholder's discount since HHJ Matthews considered "A sale at a discounted value would present an undeserved windfall to the purchasing respondents".
This highlights the importance of careful succession planning and estate management in shareholder disputes.
It also underscores the potential complexity of these types of disputes and the need for legal and financial expertise in resolving them.