Ousted director sells shares after long-running legal battle

The case was heard in the high court at Christchurch. (Image: George Heard/NZME)

Tue, 02 Aug 2022

An acrimonious multi-year legal battle over company shares was largely resolved last week after an ousted director sold them for $2.15 million.In 2018, James Smalley was removed from two Christchurch investment advisory companies – Hamilton Hindin Greene Limited and Overview Portfolio Limited. Once he left, he was obliged to offer his shareholding in those companies for sale. At the time of the sale, Smalley owned 30% of the company shares. However, the high court in Christchurch had been told the former director was motivated b...

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