05:36:00 EST Thu 05 Dec 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 287,327,745
Close 2024-08-09 C$ 53.28
Market Cap C$ 15,308,822,254
Recent Sedar Documents

Globe says Selena Stronach takes Magna founder to court

2024-08-09 07:17 ET - In the News

The Globe and Mail reports in its Friday edition that legal efforts by Frank Stronach's granddaughter to force the Stronach Group to hand over any human resource complaints and settlements it may have paid because of alleged sexual harassment by Mr. Stronach should be considered a fishing expedition and rejected, court heard Thursday. The Globe's Kate Helmore writes that lawyers representing Belinda Stronach, the chief executive officer of the Stronach Group, and Alon Ossip, the former CEO, have argued that the recent notice of motion brought by Selena Stronach is too vague and irrelevant. This notice of motion is part of a longstanding dispute over the distribution of the family fortune. Following 13 criminal charges against Frank Stronach, his granddaughter Selena filed materials in court in an attempt to compel her aunt and Mr. Ossip to disclose their knowledge, if any, of claims being paid out over Mr. Stronach's alleged predatory behaviour. On Thursday, the issue was argued in the Ontario Superior Court of Justice for the first time. Selena Stronach has argued that information about any settlements is evidence of mismanagement of corporate assets, which affects the family trust, of which she is a beneficiary.

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