RE:Whats Next?Aimia Shareholder Files C$155 Million In Counterclaims Against Company Suit, Files Statement of Defense 10 Sep 201915:59 ET 03:59 PM EDT, 09/10/2019 (MT Newswires) -- Aimia (AIM.TO) shareholder Mittleman Brothers LLC, which says it is the loyalty-program company's largest shareholder with control over 23.2% of the shares, on Tuesday said it is counter suing the company and certain former and current directors for a total of C$155 million as it filed a statement of defence to a suit filed by Aimia in July. Mittleman said its counterclaim filed in the Ontario Supreme Court asks for C$125 million in compensatory and punitive damages for alleged breach of contract and defamation from Aimia and current and former directors William G. McEwan, Jeremy Rabe, Thomas D. Gardner, Robert C. Kriedler, Emma Griffin and Robert E. Brown. It is also seeking C$30 million for in compensatory damages from Rabe and Brown for "tortious misrepresentations in connection with the sale of Aeroplan to Air Canada". The counter suit follows on Aimia's July claim in the same court alleging Mittleman planned to acquire the company in order to acquire control of its cash for Mittleman's own purposes. Mittleman said in a release it "will vigorously pursue its defence and counterclaims against Aimia and its current and former directors". "It is extremely disappointing that Aimia's board of directors has chosen to waste corporate assets through a campaign of litigation and entrenchment, rather than undertake meaningful engagement with its largest shareholder," chief investment officer Chris Mittleman said in a release. Aimia has not yet responded to the counterclaim.