Proceedings

News Release

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

April 25, 2012


Court Dismisses Applications by John Xanthoudakis and Dale Smith
regarding Norshield Asset Management matter


TORONTO – The Ontario Court of Appeal today dismissed the application by John Xanthoudakis and Dale Smith for leave to appeal the October 31, 2011 decision of the Ontario Superior Court of Justice (Divisional Court).

That decision unanimously upheld the previous decision of the Ontario Securities Commission to reject a motion by Mr. Xanthoudakis and Mr. Smith for a stay of Commission proceedings on the basis of a reasonable apprehension of bias.

 

 


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