The need for a legal ground to stand on: a shareholders class action is dismissed at the authorization stage for failure to meet article 1003 b) C.p.c. (Groupe d’action d’investisseurs dans Biosyntech c. Tsang, 2015 QCCS 3265)

In the spring of 2010, BioSyntech, a start-up biotechnology company, developing a cartilage-repair product, BST-Car Gel, filed a Notice of Intention to make a proposal under the Bankruptcy and Insolvency Act. In the subsequent bankruptcy proceedings, the intellectual property relating to the BST-Car Gel was sold.

Filed under:
Canada, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP
Authors:
Sean Griffin , Jean Lortie , Emira Tufo
Location:
Canada
Firm:
McCarthy Tétrault LLP