Trisant Foods Founder Prevails in High Court Claim Against Investor and Co-Founder

May 10, 2023 Firm News

In a judgment handed down by ICC Judge Greenwood on 3 May, Armstrong Teasdale's client, John Seneschall, has won his High Court battle for unfair prejudice as a minority shareholder and unlawful means conspiracy.

The petition was brought by Seneschall, founder and former Managing Director of Trisant Foods Limited, against co-founder, Lynne Jones, and majority shareholder, Market Fresh Ltd, owned by David Marshall and managed by David McCormick.

Following a bitter 10-day trial in the High Court in November 2022, the Judge held that Jones, Marshall and McCormick conspired to exclude Seneschall from the business he founded and breached their fiduciary duties to the company, which was unfairly prejudicial to Seneschall as a minority shareholder.

The monetary value of Seneschall's claim remains to be determined but with liability firmly established and Market Fresh and Marshall's £2.5 million counterclaim dismissed as hopeless, a good financial outcome for Seneschall is expected.

Seneschall instructed Armstrong Teasdale Consultant, Francesca Liebling, assisted by Paralegal Anita Niaraki and Trainee Solicitor Salma Seoudy, with Counsel Daniel Northall and Sophie Cashell of Littleton Chambers.

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