4098 (S.C.J.) dismissing a motion to add parties and amend the
statement of claim.
James M. Wortzman, for appellants.
P.A. Neena Gupta, for respondents.
Gary L. Petker, for Faye Patterson.
Ian M. Hull, for trustees of the Way family trust.
The judgment of the court was delivered by
 FELDMAN J.A.: — This appeal arises from a pleadings
motion. The motion judge allowed a number of amendments to
the statement of claim but refused to add two parties — the Way
Family Trust and Faye Patterson — or to add a new remedy for
the oppression claim. The plaintiffs appeal those refusals.
 1784652 Ontario Inc. (“Schembrico”) and 1725030 Ontario
Inc. (“Wayco”) entered into a joint venture agreement for the
demolition and redevelopment of a property at 345 King St. N.
in Waterloo, Ontario in April 2007. They were to share the
 The plaintiffs allege that the defendants improperly boosted
the costs of the project by retaining a number of related
companies to do work at inflated prices, thereby reducing the
amount of the shared profit. It is also alleged that the defendants diverted Schembrico’s portion of the profits into other
related entities. All of these actions, say the plaintiffs, fraudulently deprived Schembrico of its profits under the joint venture
 The anticipated profit from the sale of the redeveloped
property was $10 million, from which Schembrico anticipated
receiving $5 million. When it received only approximately
$1.4 million, Schembrico demanded an accounting but did not
 Al Way, Kingsley Financial Inc. (of which Mr. Way is an
officer and director), Triumph Financial Holdings Inc. (“
Triumph”), Gordon Schembri and Schembri Financial Ltd. (of
which Mr. Schembri is an officer and director) entered into a
shareholder agreement in April 2008 regarding the manner in
which the affairs of Triumph were to be conducted.
 Schembri Financial holds 45 per cent of the shares of
Triumph, while Kinglsey Financial owns 55 per cent. Triumph, in
turn, owns 100 per cent of the shares of companies (the “Triumph