Frank Stronach's granddaughter seeks company docs related to misconduct allegations

  • 📰 CTVToronto
  • ⏱ Reading Time:
  • 83 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 84%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The granddaughter of billionaire businessman Frank Stronach is asking an Ontario court to order the family business to disclose any documents that might exist related to complaints of sexual misconduct against him and settlements involving complainants.

In a recent court filing, Selena Stronach argues media coverage of the sexual assault allegations against her grandfather suggest it is likely the alleged misconduct "occurred in the corporate environment and included the misuse of corporate assets."

The Stronach Group said at the time it would not comment further on the criminal allegations, citing the court case. He also founded The Stronach Group, a company that specializes in horse racing, and founded Stronach International in 2018, a company focusing on organic foods and "micro-electric mobility."

"For years, the defendants have ignored and breached repeatedly their fiduciary obligations and have managed and distributed assets without any consideration for Selena, notwithstanding her beneficial interests in the trusts," the lawsuit alleges. "Given the absence of a denial from TSG, it is likely that records exist which reveal a pattern of misconduct by Mr. Stronach that includes corporate knowledge and, potentially, facilitation and coverup."

The show is set to go on at Ottawa Bluesfest tonight and the rest of the week, despite the heavy rain in the forecast. Organizers say the gates at LeBreton Flats will open at 6 p.m. Wednesday.Ottawa's Sandy Hill neighbourhood is one of the best places to live in Canada, according to a new study. The RE/MAX 2024 Liveability Report names Sandy Hill, the area nestled between the Rideau Canal and the Rideau River, as one of the 10 best neighbourhoods in the country.Northern Ont.

The Assembly of First Nations passed a resolution calling for an independent inquiry into the killings of four Indigenous women in Winnipeg.Emergency room doctors in Atlantic Canada say "bed-blocking" and patients presenting with advanced disease that wasn't detected or cared for earlier are driving high numbers of deaths.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines