Independent & Free Press (Georgetown, ON), 5 Jul 2018, p. 3

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

3| The IFP -H alton H ills | T hursday,July 5,2018 theifp.ca An Ontario Superior Court Justice ruled in fa- vour of the Club at North Halton last week in a class- action lawsuit filed against it by a shareholder. Justice Benjamin Glus- tein ruled in a Toronto court on June 21 that the share sale programs of- fered by North Halton in 2015 were not oppressive, unfairly prejudicial or un- fairly disregarded the in- terests of the class, nor did they constitute breaches of the duty of care and fidu- ciary duty owed to the club by its directors. "North Halton submit- ted that there was no evi- dence of oppressive or un- fair conduct and that its board exercised its busi- ness judgment in the best interests of Halton, in fur- therance of its fiduciary duty," the club said in a statement. "The Court's decision reinforces North Halton's role as an important com- munity hub for George- town and the surrounding area." The motion for summa- ry judgment had been brought by Peter Noble in 2015, claiming the legal ac- tion was based on a num- ber of issues, including that North Halton's cur- rent share exchange pro- gram is "a wealth transfer machine," resulting in eco- nomic loss to a group of 122 non-golfing and non-mem- ber shareholders, many of whom were looking to di- vest their shares in the venerable century-old club. The class action also asked the court that the ownership structure of the for-profit Club at North Halton, which operates a golf course, curling and dining facilities, be dis- solved and its net assets distributed among all shareholders. Noble said he was dis- appointed in the decision NEWS Judge sides with Club at North Halton in class-action lawsuit EAMONN MAHER emaher@theifp.ca Court's decision reinforces North Halton's role as important community hub Club said in statement. Eamonn Maher photo l See PLAINTIFF, page 15 This Weekend Join Us for a Festival of Broadway's Greatest Songs www.globeproductions.ca 3 PERFORMANCES ONly Friday, July 6, 2018 @ 8:00pm Saturday, July 7, 2018 @ 8:00pm Sunday, July 8, 2018 @ 2:00pm thE Old ARMOURy 1A Park Avenue, Georgetown GENERAl AdMiSSiON no advance sales - cash at the door as a benefit, admission is Pay what you can (If you are able, please donate generously) WITH OUR PREVENTATIVE MAINTENANCE PLAN SAVE 20% ON ALL REPAIRS GEORGETOWN GARDEN CENTRE 140 GUELPH ST. 905-877-8882 A family run business since 1972! Gift Certificates Available HANGING BASKETS 10" & 12" Baskets Huge Selection of INSTANT COLOUR FOR THE GARDEN Full vibrant flowers from cuttings, not seeds! Geraniums 10 $19FOR • Hibiscus • Passion Flower • Mandevilla • Bougainvillea & many more EXOTIC FLOWERS $1.99 25 LbagTOPSOIL $1.49 4 Pk. Flowering & Vegetable Plants for or $2.19 eachHERBS $2010 Large assortment of 4" Plant Stuffers 10 for $20 or $2.19 each 3 $39FORFROM Large selection of Perennial Plants or $8.99 each 3 $24FOR (1 Gal. Pot) SALE SALE OPEN 7 DAYS A WEEK

Powered by / Alimenté par VITA Toolkit
Privacy Policy