Court orders buyout of sister’s one-quarter stake in Ramson $2.1bn family business

Jamaica’s Supreme Court has ordered Chas E. Ramson Ltd, or its directors, to buy out Sally Fulton, the sister of its chairman, after finding the directors exercised their powers in a way that “unfairly disregarded her rights as a shareholder”. Fulton holds 101 of the company’s 400 issued shares, the court heard. Fulton and the defendants agreed that a buyout was the right remedy. The parties, however, disagreed on the details.