17:37:57 EST Tue 03 Feb 2026
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 280,242,006
Close 2026-02-02 C$ 70.20
Market Cap C$ 19,672,988,821
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Globe says Magna founder trial set to start in Toronto

2026-02-03 06:48 ET - In the News

The Globe and Mail reports in its Tuesday, Feb. 3, edition that Magna International founder Frank Stronach's trial is set to begin in Toronto on Tuesday -- the first of two he will face, in relation to alleged sexual offences spanning decades. The Globe's Molly Hayes writes that the trial will be judge-alone, with Superior Court Justice Anne Molloy presiding. Mr. Stronach is facing a dozen charges at his first trial, involving seven complainants, whose identities are protected by a publication ban. The allegations include rape, attempted rape, forcible confinement and sexual assault, relating to offences alleged to have occurred between 1977 and 1990. Peel Regional Police charged Mr. Stronach with 18 offences involving 13 complainants in 2024, but the case was later split into two. Mr. Stronach has denied all charges against him. He will face a separate trial in Newmarket, Ont., later this year, on similar charges relating to incidents that allegedly took place in Aurora, Ont., where Magna's headquarters are based, as recently as 2023. Mr. Stronach is one of Canada's wealthiest people, with Forbes listing his fortune at $1.5-billion (U.S.) in 2018. Mr. Stronach left Magna as chairman in 2011.

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