Winning Result: US$192 million American Judgment Recognized
A Judge of the Ontario Superior Court of Justice recently ordered a former executive living in Ontario, to pay more than $200 million US dollars to aggrieved investors. The judgment is believed to be the highest ever awarded by a Canadian court. “To my knowledge, a judicial award of this magnitude is unprecedented in Canada”, said commercial litigator Gil Zvulony, the Toronto lawyer representing the investors. “The interest alone is almost $30,000 per day”.