In October 2014, the plaintiff delivered its application record to the defendants. The plaintiff’s application seeks, among other relief, leave to pursue the causes of action for secondary market liability under Part 16.1 of the British Columbia Securities Act and certification of the action as a class proceeding.
On October 29, 2014, counsel was notified by the Supreme Court of British Columbia that a Judge had been assigned to judicially manage this proposed class action. The first case management conference with the Judge has been set for February 3, 2015. Read More
Investigation Counsel P.C. wishes to announce the commencement of a proposed class action against the former CEO of Partners REIT, Ronald McCowan, certain of the REIT’s former and current trustees of the REIT, and certain other defendants.
The action relates to the circumstances surrounding Partner REIT’s decision to enter a transaction, announced on April 2, 2014 (the “Transaction”), for the purchase of certain Ontario properties from an entity named Holyrood Holdings Limited (“Holyrood”).
The action is brought to recover losses suffered by all persons, subject to certain exclusions, who held units of Partners REIT as of the close of trading on April 1, 2014. Read More