Nothing unprecedented, or even unusual, about this ruling. The two 50% owners aren’t talking to each other, and the board is deadlocked. That’s a classic case for court receivership.
No, but aside from the lawyers, who will benefit from this?
CA....
Irreconcilable differences? I disagree with your assertion. The court must find for a party un a business dispute involving property; NOT, subjectively prescribe an 'equitable] remedy. IF all things are equal THEN the court has NO premise to rule.