12:29:26 EDT Wed 01 Apr 2026
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 278,190,469
Close 2026-03-31 C$ 77.69
Market Cap C$ 21,612,617,537
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Globe/CP say Magna founder's lawyers finish arguments

2026-04-01 08:29 ET - In the News

The Globe and Mail reports in its Wednesday edition that the women accusing Magna International founder Frank Stronach of sexual assault lied and in some cases fabricated their accounts, his lawyers argued Tuesday as they urged the court to find him not guilty of all charges. A Canadian Press dispatch to The Globe reports that the four remaining complainants "lied, manipulated and attempted to deceive the court," changing their narratives or adding undisclosed details, argued defence lawyer Leora Shemesh in her final submissions. Underlying that was the "tunnel vision" of Peel Regional Police, whose probe into the decades-old allegations ultimately "tainted the evidence," she argued. "The overall case that has been presented before the court has been really plagued by a negligent and reckless investigation and by a case that has been built on fabricated, disingenuous and unreliable evidence," Ms. Shemesh argued. Prosecutors began their closing submissions Tuesday and noted challenges with each complainant's evidence. They argued that any inconsistencies were minor and did not impact the core allegations. Mr. Stronach has pleaded not guilty to 12 charges related to alleged incidents dating back as far as the 1970s.

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