RE:regarding lawsuitAurora would have to have an E & O (errors and omissions) insurance policy. If the facts stated in the ACB statement and affidavits produced on Jan 12 prove to be accurate the insurance would cover this situation.
A gaggle of insurance companies settle this. ACB pays the deductable and get on with business.
However all the CMED directors were bound to a non solicitation and exclusivity agreement in regard to the Newstrike takeover negotiations. If one reads Mr Booth's full affidavit and supporting documents (on Sedar.com) it is clearly stated that Mark Tredgett was actively shopping CMED. That is a breach of his legal duties as a director of CMED. That just may sway a civil law court to put a hold on the locked-up shareholders till this new civil litigation is settled.
After all even ACB directs all responsibilty for the present mess to Mark Tredgett shopping CMED to them. Poor sharpest business dudes in the land could not figure put what was going on? Really?
If ACB sues anyone it should be Tredgett and Vantage as they apparently ran a slick con on those smart ACB gods.