The plaintiff, Angelo Ricci, sought leave to amend his statement of claim to reduce damages from $500,000 to $200,000 to proceed under Simplified Procedure, citing financial inability to afford a long trial.
The defendant, Credential Securities Inc., opposed, arguing lack of changed circumstances and prejudice to its defence.
The court granted leave, holding that an amendment reducing damages to the Simplified Procedure threshold mandates transfer to that procedure, and that the defendant failed to prove non-compensable prejudice.
The court awarded specific costs related to discovery time to the defendant, and costs of the motion to the plaintiff.