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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Damages - For torts - Fraud and misrepresentation - Pure economic loss

Thursday, October 06, 2016 @ 8:00 PM  

Appeal by the defendants from the assessment of damages in respect of the sale of strata units in the Vancouver Westin Grand Hotel. The plaintiffs were investors who purchased strata units in the Hotel in 1996 marketed and sold by the defendants. The sales closed in 1999 following construction of the Hotel. In a 2008 trial on the issue of liability, the disclosure statement was found to contain a material false statement in a note to the financial statements regarding projected occupancy rates relative to other...