Ontario judge dismisses Catalyst Capital's lawsuits targeting West Face and the Wall Street Journal, among others [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
equity firm West Face Capital Inc., citing “ethically dubious” behaviour by Catalyst and actions that “strategically tried to silence” defendants. In his ruling on an application to have the lawsuits dismissed, Justice Thomas McEwen of the Ontario Superior Court also dismissed Catalyst's attempt to stop a counter defamation lawsuit filed by West Face, allowing that to proceed. The multi-part ruling is the latest in a seven-year saga that started with a dispute over Wind Mobile Corp. Both Catalyst and West Face had tried to acquire the wireless telecom company, but West Face and some investment partners were the successful bidders, and sold Wind a few years later to realize a $1.3-billion profit. Through the years since, Catalyst has launched multiple lawsuits against a variety of defendants. Catalyst alleged the defendants were involved in a mix of conspiratorial and defamatory activities, including The Wall Street Journal, and a group the company called the “Wolfpack.” Catalyst
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