11:05:51 EST Mon 20 Jan 2025
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 287,342,204
Close 2024-11-11 C$ 61.75
Market Cap C$ 17,743,381,097
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Globe says Magna founder's case gets split in two

2024-11-11 08:04 ET - In the News

The Globe and Mail reports in its Saturday, Nov. 9, edition that Frank Stronach, founder of Magna International, faces two criminal trials for 18 alleged offences against 13 victims, including rape and sexual assault, dating from 1977 to 2024. The Globe's Eric Atkins and Tavia Grant write that Mr. Stronach's case will return to court on Nov. 25 and 29, with trial dates yet to be set. The identities of the complainants are protected by a publication ban. The charges have not been proven in court. In court on Monday, Mr. Stronach's lawyer Leora Shemesh said she and the Crown prosecutors' office agreed in pretrial discussions to separate the charges by the region in which they are alleged to have taken place, Toronto and York Region. She said the trials will be before judges in the Ontario Court of Justice, which does not have juries. Crown Attorney Jelena Vlacic said, "There will be two proceedings." Peel Police have declined to say why they -- and not their counterparts in Toronto and York Region -- led the investigation into Mr. Stronach. The trials are being relocated due to the high caseload at the Brampton courthouse and the principle that individuals should be tried in the area where the alleged offence occurred.

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