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Power to award options lies with board, not management

Judge makes ruling

Key issue of whether trailer payments were improper to be decided before determining which investors are entitled to damages


U.S. class action activity rises in first half: report

gavel on a wooden bench

Failed firm's receiver has filed a series of legal actions against various players in the saga

scales of justice

B.C court gives plaintiff another chance to clarify proposed claim


Appeal of tribunal ruling premature, court finds

Court gavel

Appeal court upholds lower court's ruling, denying class action against trustee

Courts receive papers

Chief justice finds motion is premature, directs receiver to address distribution issues

Judge's gavel

Bid for judicial review quashed, motion to summon top OSC brass rejected

Bag of money

Institutional investors seek distribution from failed fund manager