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A landmark ruling upholding the rights of minority shareholders in a case involving one of Virginia’s most prosperous and longstanding mining and landholding enterprises has set a strong precedent and reversed the family’s fortune.  A court opinion from Fairfax County Circuit Judge Jane Marum Roush resolved a decade-long contentious family dispute over allegations of self-dealing, shareholder oppression, and wasted or misdirected assets in favor of three dissident stockholders. The judge ordered the Dixon family holdings into receivership and the liquidation of what may total approximately $200 million in assets.  The court found that defendants Gene Dixon Jr. and his son, Guy Dixon, retaliated against the plaintiffs for filing legal actions by refusing to value their stockholdings at levels reflecting the company’s true worth.  The court also found that company assets were used to pay premiums on multimillion-dollar life insurance premiums in an effort to minimize estate taxes. The plaintiffs were Marion J. Colgate Sr., the husband of Gene Dixon’s now deceased sister, and her two children, Curtis Colgate and Sharon Newcomb, all of whom were represented by LeClairRyan shareholders John H. Craddock, Michele K. Burke and Thomas M. Wolf. The court’s ruling confirms that minority investors must be treated