15:34:13 EST Wed 04 Feb 2026
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Magna International Inc
Symbol MG
Shares Issued 280,242,006
Close 2026-02-03 C$ 70.15
Market Cap C$ 19,658,976,721
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Globe says Magna International founder trial delayed

2026-02-04 07:27 ET - In the News

The Globe and Mail reports in its Wednesday, Feb. 4, edition that Frank Stronach's criminal trial has been delayed after lawyers for the founder of Magna International requested more time to sift through new disclosure in the case. The Globe's Molly Hayes writes that the trial, which is the first of two Mr. Stronach is set to face in connection with alleged sexual offences spanning decades, was expected to begin in a Toronto courtroom on Tuesday. But defence lawyer Leora Shemesh told the court that her team requires additional time to review "voluminous" disclosure, which includes six videotaped statements received since mid-January. "We are extremely anxious to start this trial, and motivated to see that this trial does proceed in the time we've set aside," Ms. Shemesh said. The Crown did not oppose the request, and Superior Court Justice Anne Molloy, who will preside over the judge-alone trial, agreed to adjourn until Thursday. In the meantime, the courtroom is closed to the public as in-camera legal arguments resume in the case. 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. Mr. Stronach has denied all charges.

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