Following the dismissal of the appellants' appeal from an Ontario Securities Commission decision finding them guilty of securities fraud, the Commission and the intervenors sought costs.
The Commission sought $40,000, which the court awarded in full on a partial indemnity basis.
The intervenors, who were the appellants' former counsel and intervened to defend against allegations of ineffective assistance, sought over $53,000 on a substantial indemnity basis.
The court held that the intervenors were entitled to costs as parties to the appeal, but reduced the scale to partial indemnity and fixed their costs at $20,000.