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Diversified Royalty Corp T.DIV

Alternate Symbol(s):  T.DIV.DB.A | BEVFF

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.


TSX:DIV - Post by User

Bullboard Posts
Comment by longnose2on Jan 11, 2012 7:55am
194 Views
Post# 19390208

Actually a counter suit.........nothing

Actually a counter suit.........nothing

In a prior suit, Bennett sought to have the company pay legal expenses and other costs associated in defending regulatory actions in the U.S. soil treatment case. Bennett won the case, as well as subsequent appeals by the company.

In an email, Bennett’s lawyer said the original trial judge concluded that BEI had failed to establish that Bennett had acted “in bad faith or unlawfully” and ordered it to indemnify him.

On Tuesday, Bennett said he has received some of the money under the original ruling but that he was still owed some $1 million.

Meanwhile, he described his current legal action as a countersuit, since the company sue him “six or seven years” ago for some $10 million, but hasn’t followed up.

“That was a frivolous lawsuit ... They’ve been trying to dry me out, to take all my funds off me so I couldn’t defend myself. They almost did it, but not quite.”

 
 
 
 
 
 
 
 
 
 
 
 

 

Bullboard Posts