The Ontario Superior Court last week threw out a lawsuit involving allegations that an analyst tipped off a competing fund manager about the strategy behind its Wind Mobile acquisition. On Thursday, Justice Frank Newbould dismissed “in its entirety” Catalyst Capital Group Inc.’s breach of confidential information suit against West Face Capital Inc. and its former junior analyst Brandon Moyse. Catalyst alleged in the suit that after leaving Catalyst and...
Catalyst Capital Group Inc. would help fund Mobilicity's purchase of new spectrum in the government's AWS-3 auction next year, its leader said in an interview with the Globe and Mail. An article that appeared online Monday reported Newton Glassman, head of Catalyst, as saying that purchasing spectrum is the only way to retain value in Mobilicity, which has been in bankruptcy protection for more than a year. It quoted Glassman as saying the objective is to have Mobilicity in “as strong of a position as possible for what is the most likely outcome for a merger of two or more of...