CEF/DIL: LCC et al v ASC – Decision

LCC, EnCharis, and related applicants that are named in the pending representative action lawsuits have been trying to get the ASC to delay hearing their case against the five named respondents regarding alleged breaches of Alberta securities laws because they believe ASC's hearing could harm their ability to defend against the representative actions. First they... Continue Reading →

What the ASC Can and Cannot Do

In the article "CEF/DIL: ASC vs LCC et al" I made a reference to the ASC "throwing the book" at the respondents if they interpreted the respondents appeal to the Court of Queen's Bench of Alberta as an attempted end-run of the hearing date the ASC had set back in Aug 2018 . "Carl Vehse" asked - "What can... Continue Reading →

CEF/DIL: ASC vs LCC et al

Last August 2018 the ASC held a meeting to determine the date for the hearing to consider the case against the various respondents. In Jan 2019 counsel for the respondents and some non-party people defending against a representative action tried to delay the case and were turned down. A little while later counsel for the respondents appealed... Continue Reading →

CEF/DIL Lightning Round: April 30, 2019

ASC's April Hearing Earlier this month the ASC held another hearing related to the upcoming panel hearing into alleged financial misconduct by ABC District and related people. Sources have it that this hearing was another attempt by a non-party group to delay the proceeding until some later date. When the ASC posts the result of... Continue Reading →

CEF/DIL: Norton Rose Fulbright Lawyer Weighs in on ASC Stay of Proceedings Application

In an earlier article I wrote about an application made by a number of outside parties ot the ASC proceeding asking to delay the case until a representative action against the applicants had completed.  As a not-a-lawyer blogger my article was written from that perspective. Now Steven Leitl - a lawyer that specializes in securities, insolvency,... Continue Reading →

LCC Board of Directors Wants to Hear From You / Part 2 – Conclusion

Part 1 of this series discussed the Synod BOD's "request for comments". Part 2 is one member's response to that request. To: Mr. Arnold Drung Chairman of the Board of Directors of Lutheran Church Canada From: Rev. Robert Clifford Pastor of the Hanover, Kincardine, Southampton, Ontario tri-parish It was good to see you the other weekend... Continue Reading →

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