Paying The Price Of Your Convictions

When the government announced a general lockdown ("two weeks to slow the spread" as the US gov't put it) people took it in stride because it's something the government did for our good. When shutdowns continued and brought with it the cessation of in-person services, I read a number of articles discussing pros and cons...

The LCC / ASC Settlement and the Cost of Litigation

In the article My Response to the ABC District BOD Letter Regarding the ASC Settlement / Part 2 of 3 I posited some cost/benefit reasons why ABC District et al decided to settle vs going to trial. Recently I came across a video blog by David Freiheit - a Quebec based lawyer that does video blogs...

The Encharis et al vs ASC Petition

  While the ASC hearing is approaching, the court date for Encharis and others v ASC in the Alberta Court of Queens Bench is also approaching. In the Encharis case the representative action respondents are petitioning the court to put the ASC hearing on hold until the representative action is concluded which could delay the ASC...

ASC Hearing Schedule Change

The clock's a-ticking and the start of the ASC hearing is now less than a month away and all the pre-hearing management meetings have been held. The hearing schedule has also been updated - it now starts on Sept 13 instead of Sept 16, and the Sept 17-20 hearing dates have been dropped. The ASC's "status...

ASC orders Calgary man to repay $3.2M

Misled investors? Check. Unlawfully sold investments? Check. Squandered investors money? Check. Wasted the life savings of elderly retirees? Check. No, I'm not talking about the ABC District CEF/DIL yet - but their day is coming. This is the case of Vernon Ray Fauth who was convicted of multiple securities violation by the ASC. The ASC...

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...

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...