The appellants brought motions under Rule 59.06 to set aside a 2018 Divisional Court judgment that upheld securities fraud findings and sanctions against them.
In response, the Ontario Securities Commission moved for security for costs and to strike out seven expert reports filed by the appellants.
The Divisional Court granted the Commission's motions, ordering the appellants to post $100,000 in security for costs due to unpaid prior costs awards.
The court also struck out all seven expert reports, finding they improperly opined on matters of domestic law and factual findings that are the exclusive province of the court, failing the necessity criterion for expert evidence.
