The Financial Post reports in its Saturday, Dec. 7, edition that Hudson's Bay Co. minority shareholder Ortelius Advisors has filed a lawsuit against the retailer and its executive chairman Richard Baker. A Bloomberg dispatch to the Post reports that Ortelius filed a statement of claim in the Ontario Superior Court of Justice Thursday seeking unspecified damages and to block Mr. Baker privatization bid. Mr. Baker's duties as chairman were "inexorably compromised" once he raised the idea of taking the company private in 2017, Ortelius's Peter Desorcy said in an e-mailed statement. "His interests were no longer aligned with minority investors in maximizing shareholder value, but in minimizing the purchase price for the continuing shareholders," Mr. Desorcy alleged in the statement. Mr. Baker has said he wants to turn the business around outside the glare of public markets. The suit alleges HBC has coupled positive news with measures to suppress stock gains and dramatically lowered the value it ascribes to its real estate. Mr. Baker and his partners, have said they will sell to no one else, which Mr. Desorcy said prevents minority shareholders from realizing the fair value of their shares.