Prudential Assurance Co Ltd v Newman Industries Ltd (No 2)

Subject Matter

COMPANY — Shareholder — Rights against company or directors — Minority shareholder's action — Directors deceiving majority of shareholders into voting to acquire assets of another company — Directors having no control over voting rights — Whether minority shareholder entitled to bring action on behalf of itself, company and other shareholders suffering damage

[1981] Ch 257; [1980] 3 WLR 543; [1980] 2 All ER 841, Ch D

COMPANY — Shareholder — Rights against company director — Minority shareholder's action — Directors advising acquisition of another company's assets — Majority of shareholders voting to acquire assets — Directors having no control over voting rights — Whether minority shareholder entitled to bring action on behalf of itself, company and other shareholders suffering damage — Whether right to bring derivative action to be determined as preliminary issue

[1982] Ch 204; [1982] 2 WLR 31; [1982] 1 All ER 354, CA

Appellate History