Rogers feuding reignites as two members of billionaire family sue company

are suing the company, saying they’ve been frozen out of board meetings and blocked from getting information, reigniting a bitter power struggle within one of Canada’s wealthiest clans.

Shares of Rogers extended losses on news of the lawsuit, closing down 2.2 per cent to $53.07 in Toronto. They’ve dropped 16 per cent this year.have frequently fought one another It isn’t clear from the court filings whether the discussions included the possibility that any Rogers family members would sell their stake in Rogers Communications, leave their roles at the company, or exit the family trust that controls almost all of the voting shares of the public company.Both Rogers-Hixon and Martha Rogers said in documents that they’re still being excluded from some parts of board and committee meetings and are being given redacted board documents.

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Rogers feuding reignites as two members of billionaire family sue companyTwo members of the family that controls Rogers Communications are suing the telco, saying they’ve been frozen out of board meetings. Read on
Source: financialpost - 🏆 7. / 85 Read more »

Billionaire Rogers family heirs sue company over board accessTwo members of the billionaire family that controls Rogers Communications Inc. are suing the company, saying they’ve been frozen out of board meetings and blocked from getting information, reigniting a bitter power struggle within one of Canada’s wealthiest clans.
Source: BNNBloomberg - 🏆 83. / 50 Read more »