Wednesday, October 30, 2013

Canadian Conflicts Cleared in Corporate Case

Interesting resolution to an interesting story: "Lawyers cleared of conflict-of-interest charges over Hollinger newspaper deals" --
  • "Two Toronto lawyers have been cleared of any wrongdoing in a corporate case that dragged on for years after they were accused of conflict of interest."
  • "A Law Society of Upper Canada panel has ruled that there was no evidence Beth DeMerchant and Darren Sukonick acted improperly in their roles related to non-compete clauses, a small part of massive deals to sell Hollinger newspaper assets to CanWest Global Communications Corp. and Osprey Media Holdings Inc. more than a decade ago."
  • "The two lawyers had been fighting allegations that they violated the legal profession’s conflict-of-interest rules while acting for Conrad Black and his executives, as well as Hollinger International Inc. and subsidiaries."
The Legal Post adds additional detail and context, including a link to the complete ruling:
  • "Ms. DeMerchant and Mr. Sukonick worked on the matters at the law firm of Torys LLP from 2000 to 2003. The law society initiated proceedings in 2006. Hearings ran for 130 days over a period stretching from April 2010 to last summer."
  • "The discipline case collapsed due to a lack of evidence on the part of the prosecution, according to reasons released Thursday night. The law society’s evidence was simply 'incomplete,' the decision states."

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