Jeffrey Andrew Levine

This decision concerns a dispute between Sound Insurance Services Inc. and Chris Hossein, a former insurance producer, and his new employer, Greensides & Breen Insurance Brokers Limited.

The case addresses breach of contract, inducement of breach, breach of confidence, and civil conspiracy arising from the failed transfer of a book of business.

The court found Mr. Hossein liable for breach of contract and breach of confidence, and Greensides liable for inducing the breach.

Damages were assessed at $350,000, plus interest and costs.

The decision addresses motions regarding the appointment of representative counsel for current and former employees and retirees of Hudson’s Bay Company ULC and related entities in ongoing Companies’ Creditors Arrangement Act (CCAA) proceedings.

The Court declined to appoint any of the nominated law firms as representative counsel at this stage, instead appointing the Honourable Herman Wilton-Siegel as an independent third party to evaluate proposals and make a recommendation.

The Court also approved amendments to the Sale and Investment Solicitation Process (SISP) to remove the company’s art and artifact collection from the SISP and to appoint Heffel Gallery Limited to conduct a separate auction for the collection, subject to further court approval of procedures.

The reasons review the legal framework for appointing representative counsel and the importance of balancing stakeholder interests in complex insolvency proceedings.

This endorsement grants a brief adjournment in the Companies’ Creditors Arrangement Act (CCAA) proceedings involving Hudson’s Bay Company ULC and related entities, following ongoing discussions between the applicants and stakeholders.

The court extends the stay of proceedings, increases the Directors’ Charge, amends the relative priorities of charges, and approves the engagement of Reflect Advisors, LLC as financial advisor.

The court finds the requested relief appropriate, unopposed, and supported by the Monitor, and orders the requested amendments to the Initial Order.

This decision concerns motions brought by Pride Group Holdings Inc. and related applicants under the Companies' Creditors Arrangement Act (CCAA) for interim relief in their restructuring proceedings.

The court addresses requests for approval of interim distributions, payment of direct costs, application of deferred payments for working capital, and approval of certain activities of the Monitor.

The court grants the requested relief, finding it necessary to maintain liquidity and continue the wind-down process, and holds that the proposed mechanisms are equitable and consistent with the CCAA’s remedial objectives.

The decision addresses a motion by Greensides & Breen Insurance Brokers Limited to compel Sound Insurance Services Inc. and Chris Hossein to answer certain refused questions and to provide further and better answers to undertakings arising from examinations for discovery.

The court found that Greensides did not require leave to bring the motion, refused to compel answers to the disputed questions, but ordered Sound to provide more detailed responses to five undertakings.

This endorsement concerns a motion brought by Pride Group Holdings Inc. and its affiliates (the Applicants) under the Companies' Creditors Arrangement Act (CCAA) for approval of a going concern transaction for Pride Group Logistics (PGL), a distinct business line.

The proposed purchasers included principals of the Applicants, leading the Court-appointed Monitor to undertake negotiations and carriage of the motion.

The Monitor, supported by the Applicants, their directors, employees, and some financiers (Daimler, Mitsubishi, Finloc, National Bank), recommended approval, arguing it offered a higher recovery than liquidation, preserved approximately 500 jobs, and avoided significant wind-down costs for the broader Pride Entities.

The transaction was opposed by certain secured lenders, including The Bank of Nova Scotia, The Lending Syndicate, TD Equipment Finance Canada, and RBC entities, who preferred a wind-down.

The court applied the factors under CCAA s. 36(3) and the Soundair Principles, finding the sale process reasonable, fair, and transparent.

The court concluded that the transaction was the only viable going concern option, superior to a wind-down, and consistent with the CCAA's purpose of avoiding social and economic losses from liquidation.

The PGL Going Concern Transaction was approved.

In the context of ongoing CCAA proceedings, the applicants and various equipment financiers reached an impasse regarding the wind-down plan and a proposed going-concern sale of the logistics business.

The applicants sought a monetization order, an increase in the administration charge, and lien regularization, which were unopposed and granted by the court to maintain operations.

Due to significant disputes over the sale and liquidation of assets, the court adjourned the contested motions, including several lift-stay motions brought by creditors, and ordered the parties to attend mandatory mediation before a former Commercial List judge.

In a CCAA proceeding, the Applicants sought three orders: approval of a factoring portfolio purchase agreement, approval for distribution of proceeds from a property sale, and permission for a creditor to sell certain vehicles.

The court approved the distribution of Chehalis property proceeds to Roynat.

For the Regions vehicles, the court granted the order allowing Regions to take possession, setting a 30-day retrieval period and approving storage costs of $35/day.

The motion for approval of the JD Factors Purchase Agreement was adjourned to a later date, as Mitsubishi HC Capital Canada Inc. objected, claiming ownership of the receivables and requiring more time to prepare its position.

The applicants, Pride Group Holdings Inc. et al., sought an amended and restated initial order under the CCAA, including an extension of the stay period, approval of a debtor-in-possession (DIP) facility, elevation of charge priorities, confirmation against set-off, and approval of governance, real estate monetization, and intercompany/unsecured claims preservation protocols.

The court granted the requested stay extension to June 30, 2024, approved the $30 million DIP facility, and approved all proposed protocols.

The court declined to add an exception to the paramountcy provision as requested by certain securitization funders and approved a carve-out for Triumph Business Capital but limited it to CDN $3 million.

The appellant appealed a judgment finding that a security interest granted by the appellant's predecessor was oppressive to the respondents.

The Court of Appeal dismissed the appeal, finding no reversible error in the application judge's conclusion that the granting of the security interest was oppressive.

The court affirmed that the application judge's findings aligned with the two requirements for an oppression remedy claim, specifically that the respondents had a reasonable expectation that the appellant's predecessor would not act prejudicially, and that this expectation was violated by corporate conduct that was oppressive or unfairly prejudicial.

The plaintiff sought court approval for a proposed $500,000 settlement of a securities class action alleging secondary market misrepresentations by a cannabis company.

The court declined to approve the settlement, finding that the plaintiff failed to prove it was fair, reasonable, and in the best interests of the class.

The court cited concerns over the gross disparity between the Canadian settlement and a $2.9 million USD settlement in a parallel US proceeding, the lack of evidence regarding estimated class size and recovery per member, and unexplained issues regarding insurance coverage.

The plaintiff brought a consent motion for leave to commence a class action under the Securities Act and for certification under the Class Proceedings Act for settlement purposes.

The action alleged misrepresentations in public statements by the defendants.

The parties reached a proposed settlement of $500,000.

The court granted leave and certified the class for settlement, finding all certification criteria met, albeit with less strict application for settlement purposes.

The court approved the representative plaintiff and the administrator but required revisions to the proposed class notices and further submissions regarding the notice dissemination plan to ensure clarity and proper information for class members.