Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Directors of Look on the hook for legal fees, court rules Add to ...

Subscribers Only

A group of former directors and officers with Look Communications Inc., locked in a court battle with the company over $15.5-million the group received in extra payments, do not deserve to have the company cover their legal bills up front, the Ontario Court of Appeal has ruled.

The case was being watched closely by some on Bay Street who warned it could have implications for directors at public companies across Canada, most of whom expect most legal costs arising from their seats on the board to be covered up in advance.

Report Typo/Error

Follow on Twitter: @jeffreybgray

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular