The plaintiff trustee sued the defendant appraisers for negligent misrepresentation regarding a property valuation that allegedly caused losses to 13 mortgage investors.
The defendants moved to examine the 13 individual investors for discovery and to amend their statement of defence and counterclaim.
The court granted the request to examine the investors, finding their individual reliance on the appraisal was relevant, but limited each examination to one hour to ensure proportionality.
The court also permitted the amendments to the pleadings, save for certain allegations regarding the trustee's general mortgage practices and undisclosed conflicts of interest, which were struck as irrelevant and lacking particulars.
