The defendant brought a motion for security for costs against the plaintiff, arguing the plaintiff had insufficient assets in Ontario and evinced financial instability.
The plaintiff opposed, relying on its cash and cash equivalents.
The court found good reason to believe the plaintiff had insufficient assets, considering its acknowledged financial instability, lack of commercial activity, an outstanding judgment, and a pending breach of contract claim.
The motion was granted, and the plaintiff was ordered to post $50,000.00 as security for costs and pay $5,000.00 in costs for the motion.