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NEWS theifp.ca Lawsuit against Club at North Halton could involve more shareholders By Eamonn Maher emaher@theifp.ca A motion is expected to be filed this week at the Superior Court of Ontario that would expand the number of shareholders involved in a class-action lawsuit against The Club at North Halton. The lawsuit was filed in June 2015 by Peter Noble, the appointed representative for a group of non-member and nongolfer G-classified shareholders. Noble claims the legal action is based on a number of issues, including that the The Club at North Halton's current share exchange program is an "inverse pyramid scheme," resulting in economic loss and damage to the shareholders. Initially, there were 60 shareholders holding 63 Class G shares involved in filing the lawsuit. Noble said under the impending motion to the court, the class action would expand to include non-member, non-golfing, A-classified shareholders. There are approximately 40 A shareholders and if the motion passes, the class action would grow to more than 100 members, or just under 25 per cent of shareholders. "The central assertion of the class action is that the North Halton share sales starting in May 2015 uniquely damaged the share equity value of non-member, nongolfing shareholders while it merely subsidized the membership fees for golfing shareholders," Noble contends. "This non-golfer share equity damage, however, applies equally to both G and A shareholders as a common shared issue. I also believe that it is not possible for either North Halton or the Class to get finality on any potential settlement or judgment without such non-member, nongolfing A shareholders being considered." The class action is seeking damages or other benefits for the class as an oppression remedy under the Canada Business Corporations Act. He is also asking for legal costs. The lawsuit also asks the court that the ownership structure of The Club at North Halton, which operates a golf course, curling and dining facilities, be dissolved and its net assets distributed among all shareholders. SALE STARTS FRIDAY +$ 1,000 GET EXTRA BONUS CASH** on select sel elec e t 2017 J JETTA, ETTA A, GOLF, PASSAT, PASSAT T, TIGUAN N AND SPORTWAGEN MODELS. GOLF SP PORTWAG GEN M 2017 017 7 Tigu Tiguan uan 2.0 TSI Comfortline automatic transmission with 4MOTION® All-Wheel Drive Highline H ighline model mod odel shown Highline model shown MONTHLY L LEASE EASE FROM THE EQUIVALENT OF $ WEEKLY WITH $689 DOWN PAYMENT 91 2.49 at % for MONTHS 60 2017 Jetta a MONTHLY LEASE FRO FROM ROM THE EQ EQUIVALENT QUIVA OF $ 1.4 TSI Trendline manual transmission WEEKLY WITH $589 DOWN PAYMENT 44 1.49% 60 at for MONTHS LIMITED TIME OFFER. ONLY FROM FEBRUARY 17 TO 28 Georgetown Volkswagen 203 Guelph Street (Highway 7) Georgetown - 905.877.5285 ** Seasonal Tire Packages on Sale. Tire Storage always available. $1,000 discount on MSRP available on lease, finance or cash purchase of new and unregistered 2017 Jetta, Passat, Golf (except GTI and R models), Golf SportWagen 1.8T Trendline FWD and 1.8T Comfortline FWD, and Tiguan 2.0T Comfortline and 2.0T Highline models. Lease payments of $391/$190 on the Tiguan Comfortline / Jetta Trendline must be made on a monthly basis and cannot be made weekly. Weekly equivalent payments shown for information only. Limited time lease offer available through Volkswagen Finance, on approved credit, based on a new and unregistered 2017 Tiguan 2.0T Comfortline / Jetta 1.4T Trendline model with 6/5-speed automatic/manual transmission. $1,795/$1,625 freight and PDI included in monthly payment. 60-month term at 2.49%/1.49% APR. $689/$589 down payment (including $100/$0 air-conditioning levy, $10 OMVIC fee, $22 EHF (tires), $58 PPSA fee and up to $499 dealer administrative fee), $440/$240 security deposit and first monthly payment due at lease inception. Total lease obligation: $24,149/$11,989. Discount of $1,750/$1,150 (includes $1,000 extra bonus cash discount) is already included in the lease amounts mentioned above. 80,000-kilometre allowance; charge of $0.15/km for excess kilometres. License, insurance, registration, options and applicable taxes are extra. Dealer may sell or lease for less. Dealer order/trade may be necessary. Offers end February 28, 2017 and are subject to change or cancellation without notice. Models shown: 2017 Tiguan 2.0T Highline automatic transmission, $39,624 / 2017 Jetta 1.8T Highline automatic transmission, $30,751. Vehicles shown for illustration purposes only and may include optional equipment. Visit vwoffers.ca or your Volkswagen dealer for details. "Volkswagen", the Volkswagen logo, "Jetta", "Golf", "Passat", "Tiguan", "4MOTION", "TSI", "Highline", "Comfortline" and "Trendline" are registered trademarks of Volkswagen AG. "Golf SportWagen" and "SportWagen" are trademarks of Volkswagen AG. © 2017 Volkswagen Canada. Page 4 - Thursday, February 16, 2017 - The IFP - Halton Hills - www.theifp.ca