Vimal Kotecha

The plaintiff, an auction business, brought an action for defamation against the Crown Defendants and the Better Business Bureau (BBB) regarding statements made about the plaintiff's relationship with the federal government in selling seized gemstones.

The defendants brought motions to dismiss the action under the anti-SLAPP provisions of s. 137.1 of the Courts of Justice Act.

The court found that the statements related to matters of public interest.

The court concluded that the plaintiff failed to show its claims had substantial merit against the Crown Defendants, failed to show the defendants had no valid defences (including qualified privilege and justification), and failed to establish that the harm it suffered outweighed the public interest in protecting the defendants' expressions.

The motions were granted and the action was dismissed.

Two applications were brought to determine the fair market value of shares held by the late Silvio Marsili in 438506 Ontario Limited, pursuant to a buy-sell agreement triggered by his death.

The parties' expert business valuators disagreed on valuation methodology, EBITDA normalizations, contingent liabilities, and the minority discount.

The court resolved the specific valuation disputes, preferring the respondent's expert on methodology but the applicant's expert on several normalizations and contingent liabilities.

The court directed the experts to prepare revised valuation opinions incorporating its findings.

The court also granted the applicant's request for an order for the sale of a jointly owned property under the Partition Act.

The defendant investment firm brought a motion for summary judgment to dismiss the plaintiffs' action as statute-barred.

The plaintiffs, who were victims of their former investment advisor's Ponzi scheme, argued they did not discover their claims against the firm until the advisor's fraud was exposed.

The court dismissed the motion, finding a genuine issue for trial regarding whether the plaintiffs, as allegedly unsophisticated investors, knew or ought to have known of their claims earlier through the exercise of reasonable diligence.