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High Court partially grants a minority shareholder's request for discovery against a company and its former CEO, following allegations of oppression and mismanagement, and directs discovery in several categories, including communications relating to the controversial social media posts, steps taken to mitigate damage and the financial impact on the company, the court finding that while some admissions were made by the respondents, further discovery was necessary to clarify the extent of the alleged damage and the company's response.
Minority shareholder - discovery application - oppression - mismanagement - social media posts - CEO resignation - reputational damage - financial impact - High Court - proportionality in discovery - mitigation of damage - corporate governance - necessary documentation - amended pleadings - extraordinary general meeting (EGM) - shareholder proposals - confidentiality - Rules of the Superior Courts (RSC) - relevancy and necessity of discovery.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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