Sierra Farr

The applicants sought a final order approving a proposed arrangement under section 192 of the Canada Business Corporations Act to effect a recapitalization transaction.

A group of Class B shareholders opposed the arrangement, arguing the dilution of existing shareholders to 1% of new shares was unfair.

The court found the arrangement was put forward in good faith, had a valid business purpose, and was fair and reasonable given the company's financial distress and the lack of viable alternatives other than CCAA proceedings.

The court also granted a sealing order over confidential exhibits containing third-party bids, finding disclosure would pose a serious risk to important commercial interests.

The court approved a settlement agreement in a class action concerning losses suffered by investors in a syndicated mortgage loan promoted by Fortress Real Developments Inc. and Fortress Real Capital Inc. The settlement, reached with FMP Mortgage Investments Inc. and related defendants, provides for a $3,000,000 payment to class members, representing a substantial portion of the available insurance.

The court also certified the action as a class proceeding for the purposes of the settlement, approved class counsel fees, and made ancillary orders to facilitate the administration of the settlement and protect the parties involved.

Corus Entertainment Inc. sought a declaration that Rogers Communications Inc. could not remove one of Corus's television channels from its existing packages, citing affiliation agreements and regulatory "standstill" provisions under the Broadcasting Distribution Regulations.

Corus also sought an interlocutory injunction to prevent the channel's removal pending a CRTC decision and a sealing order for confidential information.

The court dismissed the application for a declaration, finding that the affiliation agreement granted Rogers the broad right to create and modify television packages, which included the right to remove channels.

The court also dismissed the interlocutory injunction, holding that the CRTC had exclusive jurisdiction over regulatory matters and that Corus failed to demonstrate irreparable harm.

Finally, the sealing order was denied as the information was not deemed confidential under the "open court" principle, and the test for sealing orders was not met.

The appellant, a lawyer and former senior advisor to the Kenyan Prime Minister, appealed the dismissal of his defamation and breach of privacy action against Refinitiv Limited and Sitel Operating Corporation.

The action stemmed from his inclusion as a politically exposed person (PEP) in Refinitiv's World-Check Database, which allegedly led to a money transfer being held, and subsequent alleged defamatory statements by a Sitel customer service agent.

The motion judge had dismissed the action, finding the appellant was properly classified as a PEP, the database statements were true and publicly sourced, and any claims against Sitel were covered by a prior release or lacked evidence of defamation.

The motion judge also awarded substantial indemnity costs due to the appellant's unreasonable litigation conduct.

The Court of Appeal found no factual or legal errors in the motion judge's decision, agreeing that the claim was meritless and upholding the costs award.

The Receiver sought orders to approve a construction management contract and related financing for the Heart Lake Project, and to authorize amendments or disclaimers of pre-sale agreements for the Uptowns Project.

The court granted the relief, finding it was the best path to maximize stakeholder recovery, noting that the proposed amendments to pre-sale agreements offered homebuyers an option to retain value or claim deposits from a surety policy, and that disclaiming agreements was necessary for financing and project completion.

The court also approved sealing certain financial information to protect future marketability.

The defendants, Refinitiv Limited and Sitel Operating Corporation, brought a motion for summary judgment to dismiss the plaintiff's action for defamation and breach of privacy.

The plaintiff, a former senior advisor to the Kenyan prime minister, alleged wrongful inclusion in Refinitiv's World-Check Database as a Politically Exposed Person (PEP) and defamatory statements by Sitel's customer service.

The court found that the statements in the database were true in substance and fact, thus upholding the defence of justification.

It also determined there was no breach of privacy as the information was from public sources.

The claims against Sitel were dismissed as the alleged defamatory statements were covered by a prior release, lacked evidence of defamation, and were based on true information from the database.

The court dismissed the plaintiff's action in its entirety and awarded substantial indemnity costs to the defendants due to the plaintiff's unreasonable litigation conduct and voluminous, unnecessary evidence.