The plaintiff brought a motion to prevent the administrative dismissal of his action for delay, establish a timetable, and amend his Statement of Claim to add a claim for shares in lieu of cash payment and to add a new corporate defendant.
The defendants opposed the amendment for shares, arguing it was a new cause of action barred by the Limitations Act, 2002.
The court found that the proposed amendment arose from the same factual situation as the original claim and was therefore not a new cause of action.
The court granted the motion to amend the pleadings, finding no non-compensable prejudice to the defendants.