Casa Margarita Enterprises Ltd. v. Huntly Investments Limited
Casa Margarita Enterprises Ltd.
Huntly Investments Limited
Law Firm / Organization
Bennett Jones LLP
The Pacific Investment Corporation Limited
Law Firm / Organization
Bennett Jones LLP
Brent Wolverton
Law Firm / Organization
Bennett Jones LLP
Mark Wolverton
Law Firm / Organization
Bennett Jones LLP
Lisa Wolverton
Law Firm / Organization
Bennett Jones LLP
Kathleen May Wolverton
Law Firm / Organization
Bennett Jones LLP
Anne Louise Wolverton
Law Firm / Organization
Owen Bird Law Corporation
Lawyer(s)

Paul Brackstone

Harold G. Wolverton
Law Firm / Organization
Bennett Jones LLP
Newton Ellis Wolverton
Law Firm / Organization
Bennett Jones LLP
  • Facts: Casa Margarita Enterprises Ltd. (Casa), a minority shareholder in Huntly Investments Limited, alleged oppressive conduct by the majority shareholders, all members of the Wolverton family. The case focused on the alleged preferential treatment of family shareholders, lack of transparency, and denial of Casa's right to a fair share value for divestment purposes.

  • Issue: The main issue was whether the actions of the majority shareholders and directors of Huntly were oppressive or unfairly prejudicial towards Casa, particularly concerning information access, share valuation, and the handling of dividends and corporate reorganizations.

  • Court's Ruling: The court found that the conduct of Huntly and its directors, controlled by the Wolverton family, was oppressive and unfairly prejudicial to Casa. The court recognized that Casa had legitimate expectations of fair treatment, which were not met, particularly regarding the valuation of shares and the opportunity to sell them at a fair price.

  • Costs/Damages Awarded: The specific amount of costs or damages awarded to Casa was not detailed in the provided text segments. The ruling focused on establishing the oppressive conduct and setting the grounds for equitable relief, which typically would include ordering the purchase of Casa's shares at a fair value or other corrective measures.

Supreme Court of British Columbia
S190278
Corporate & commercial law
Plaintiff