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Atlas Financial Holdings, Inc V.AFH



TSXV:AFH - Post by User

Post by Pymon Feb 05, 2002 9:58am
579 Views
Post# 4733858

Trials and Tribulations

Trials and TribulationsJune unlikely as discoveries of third and fourth parties not yet done. the staements of claim could get amended as well to include many alternative allegations and include both corporate defendants and directors and officers directly as the pubco has squat really. the summary app was good for expediting and the dismissal is not a loss by the plaintiff. its the luck of the draw. the trier of fact thought there was a triable issue. carlings allegations will have to be reviewed. a consolidation of actions is possible. now there fighting suits in 2 jurisdictions. ouch. wait for the conflicts between the directors and corporation to arise which will necessitate seperate counsel for each if the corporation is protecting shareholders interests they will demand it. should have had d and o coverage. start the bankroll. legal fees are going to be high. oh well another day another suit. could there be more. p.s. wait for the cous de gras of defences and counter allegations my boy. you opened up pandoras box. a pit fighter has a laser scope dead center and the bcsc and asc are getting tuned up i hear. stockhouse boys, tales of fantasy, and a flare for the dramatic. p.s.s anyone demanded the minute book etc lately. brutal? lets see.
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