13:52:19 EDT Fri 10 Apr 2026
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Magna International Inc
Symbol MG
Shares Issued 278,190,469
Close 2026-04-09 C$ 79.85
Market Cap C$ 22,213,508,950
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Globe says Magna founder trial hears closing arguments

2026-04-10 08:12 ET - In the News

The Globe and Mail reports in its Friday, April 10, edition that Frank Stronach sexual assault trial heard closing arguments on Thursday. The Globe's Kelly Grant writes that defence lawyers brought an abuse of process motion in the final stretch of legal submissions at the Toronto trial of the Magna International founder, arguing that important pieces of evidence were irretrievably lost because police officers and Crown attorneys who were present failed to document the meetings in detail. All seven of the original complainants recorded new police statements containing new information after their final meetings with prosecutors in January, just weeks before the trial was set to start, court heard. Lead defence lawyer Leora Shemesh argued that for all but one meeting, police did not chronicle how the new evidence first arose or what the Crown said, making it impossible to challenge the complainants on those conversations in cross-examination. "We're entitled to know if the complainants had newfound memories or whether or not they were guided or probed, whether or not they needed the assistance of the Crown to have gotten to that memory," Ms. Shemesh said. "That's what we're missing."

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