The defendants brought a motion to strike out the third party claim as disclosing no cause of action.
The third party claim named 27 different third parties, including individual shareholders and their spouses, corporate entities, the plaintiffs' bank, and the plaintiffs' lawyers.
The court found that the third party claim was based on bald allegations without material facts and failed to meet the minimal pleading standards.
The court struck the third party claim in its entirety with leave to amend and awarded costs to the third parties on a partial indemnity scale.
