View cases - Stewart McKelvey

7Subsequently the Jennifer Allan business closed its doors and Ms. Cormier moved to a space in Unit3 that was occupied by her husband's TV repair business.The Nordqvists also ran a number ofunits under the name "Share Care 2000." They had a total of13 additional units. Mr. Nordqvist descnbed Share Care 2000 as a separate business entity for hisson, Colin Nordqvist and Mrs. Nordqvist. Colin Nordqvist had no interest in the Company.Ms. Cormier testified that there had always been an assumption that at some point she would havethe opportunity to buyout the Nordqvist's shares in the Company. Consistent with that, in the fallof2004, she and the Nordqvists began discussions about Ms. Cormier and her husband, Mr. Martell,buying the shares.2010 NSSC 252 (CanLII)The Nordqvists advised that they would be prepared to sell their interest in the Company for$600,000.00. Ms. Cormier testified she did not want to agree to that amount without first lookingat the books ofthe company.Ms. Cormier testified that up to the time when the parties began to discuss a transfer ofthe businessshe had seen no financial records other than the annual financial records. There were then a seriesof attempts by Ms. Cormier to get access to the financial statements of the company which,according to her evidence, were met with limited success. Both sides engaged lawyers to assistthem.At a meeting in October, 2005 at the "Steak and Stein" restaurant the Nordqvists advised that theyhad decided not to sell the Companybut did suggest that both Ms. Cormier and Mr. Martell considerbuying the two Dartmouth properties.Ms. Cormier testified she and Mr. :M:w."tel1 gave consideration to acquiring the two properties.Because of that she continued to press for additional financial information. A meeting of Ms.Cormier, Mr. Martell and Mr. and Mrs. Nordqvist, purportedly to discuss the company's financial