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Corporations, Partnerships & Associations Law - Corporations - Oppression remedy - Standing - Complainant

Thursday, January 19, 2017 @ 7:00 PM  

Appeal by the plaintiff from summary dismissal of his action. The action was dismissed primarily because the appellant failed to provide any substantive evidence showing merit. The action was a proposed class action for oppression, misrepresentation and bad faith on behalf of shareholders arising from a failed investment in Birch Mountain Resources. Birch Mountain was initially thought to own a quarry with a value of $1.6 billion, but it was unable to fund its operations, and its assets were sold under receivership for less than $50...