The $1.2-billion lawsuit against the federal government by the original backers of wireless startup Mobilicity is moving ahead, according to a report in the Globe and Mail. An article appearing on the newspaper's website Tuesday said the Ontario Divisional Court last week rejected the government's motion seeking leave to appeal, and the government is now expected to file a statement of defence. The case was launched in September last year by New York-based investment firm Quadrangle Group LLC. and John Bitove's Data & Audio-Visual Enterprises Investments Inc., who claimed the government lured Mobilicity into Canada's wireless market with promises that were later reneged...
The $1.2-billion lawsuit launched against the federal government by original backers of Mobilicity can proceed, the Ontario Superior Court of Justice ruled Friday, according to a report in the Globe and Mail. The case was launched in September by New York-based investment firm Quadrangle Group LLC and John Bitove's Data & Audio-Visual Enterprises Investments Inc., who claimed the government lured Mobilicity into Canada's wireless market with promises that were later reneged upon, such as that spectrum from the 2008 AWS auction would be allowed to be sold to wireless incumbents after a five-year moratorium expired. The decision to let the suit proceed comes after the government...