The Lovers – Betty Ferguson and Graeme Ferguson
The lovers card can point to conflicts and coldness within a relationship. If you’ve picked this card, you should consider whether starting a company with a romantic partner and/or friends could lead to a battlefield should any of the relationships deteriorate.
Re Ferguson v. Imax Systems corp
• Betty and Graeme started Imax with two other married couples
• Later on split up
• Graeme “iced” Betty out of the company by doing things like trying to convert her class B shares into nonvoting shares (Betty was the only person with class B shares)
• Betty asked court for oppression remedy to stop the company from converting her shares
• Oppression remedy? Complainant has to establish a reasonable expectation and that expectation was defeated by conduct that amounts to rather oppression, unfair prejudice or unfair disregard.
• Court looks at relationship between parties
• Betty won!
Sources:
• Tarot card meanings – Labyrinthos
• Nina Perfetto & Bonnie Fish, “All in the Family – Using the Oppression Remedy to Resolve Family Business Disputes” (Annual Review of Civil Litigation, 2016)