Commercial Litigation Update – June 2006
CONTRIBUTORS: MICHAEL OSBORNE, JENNIFER CANTWELL, KYLE PETERSON, KENNETH DEKKER, PAUL EMERSON AND STEPHANIE GABOR
UNFAIR INTERCORPORATE TRANSACTIONS OPPRESSED FORD CANADA SHAREHOLDERS
An unfair intercorporate transfer price system in place between Ford Motor Company of Canada and its US parent, Ford Motor Company, oppressed Ford Canada’s minority shareholders, the Ontario Court of Appeal ruled in early 2006. However, because there was no evidence as to when these shareholders owned their shares, they were each entitled to only one day’s damages… and more.
