A battle for control of Rogers Communications has gone from the boardroom to a courtroom in British Columbia, where the Toronto-based company is incorporated.
The hearing before B.C. Supreme Court Justice Shelley Fitzpatrick stems from a petition filed by Edward Rogers last week asking the court to declare legitimate a board he formed after being ousted as chair in September.
The son of late Rogers founder Ted Rogers claims he has the power to fire and appoint board members because he is chair of the Rogers Control Trust, which holds voting control through its ownership of 97 per cent of the company's Class A shares. His mother Loretta Rogers, sisters Melinda Rogers-Hixon and Martha Rogers and their associates say Edward Rogers' board is illegitimate and the only valid board is the one that existed prior to his changes.
The dispute has left the telecom company with two boards that each claim to be in power and has publicly pitted members of the Rogers family against one another. Loretta Rogers says in an affidavit filed Friday that the decision to oust her son as chairman of the board was an extremely difficult one for her and other family members after weeks of trying to work with him.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers vs. Rogers feud goes to court: What you need to knowThe Shakespearean family feud is one of the most closely\u002Dwatched corporate law cases in Canada in recent memory. Here’s why and what’s at stake
Read more »
Rogers vs. Rogers feud goes to court: What you need to knowThe Shakespearean family feud is one of the most closely\u002Dwatched corporate law cases in Canada in recent memory. Here’s why and what’s at stake
Read more »
U.S. Supreme Court to hear challenges to Texas law that imposes near-total ban on abortionsU.S. Supreme Court justices are hearing arguments Monday in two cases over whether abortion providers or the Justice Department can mount federal court challenges to the Texas law
Read more »
Five things to watch for in the Canadian business world in the coming weekThis week in Canadian business news, opening arguments will be heard in the Edward Rogers v. Rogers Communications Inc. case; Statistics Canada is set to release its labour force survey for October; and Toronto Regional Real Estate Board is scheduled to release October home sales figures.
Read more »