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TAGGED AS THE CATALYST CAPITAL GROUP INC.

Regulatory approval clause at centre of Catalyst lawsuit

telecom | 06/03/2016 8:33 pm EDT

The consortium of investors that bought VimpelCom Ltd.’s stake in Wind Mobile didn’t make the deal contingent on regulatory approval, a clause it was able to include because of a breach in the confidentiality agreement between VimpelCom and The Catalyst Capital Group Inc., according to allegations levelled Tuesday against the consortium in a filing to the Ontario Superior Court. Catalyst is asking for $750 million in the lawsuit, a number based on the profit Wind earned on its recent sale to Shaw Communications Inc. In the statement of claim...