West Face Capital Continues to Defend Against Meritless Callidus / Catalyst Lawsuits
West Face Capital Inc. , 01 February 2017
West Face Capital Inc. today issued the following statement following the procedural ruling today by the Ontario Court of Appeal in the lawsuit by Callidus Capital Corporation and The Catalyst Capital Group Inc. for alleged defamation.
West Face notes that this appeal decision concerns only a motion about the form and content of the plaintiff’s pleadings at the very outset of this case, and does not concern the merits of allegations by Callidus and Catalyst, let alone the propriety of their business practices or public disclosures.
“While West Face is disappointed by the decision of the Court of Appeal in this procedural matter, we respect the Court’s decision and are considering our options regarding an appeal,” said Greg Boland, Chief Executive Officer. “West Face believes that the underlying claims made by Callidus and Catalyst are without merit and will continue to defend them vigorously. We also look forward eventually to proceeding to discovery in this case, where we will test Catalyst’s allegations that West Face’s research into Callidus was inaccurate. West Face continues to deny these allegations.”
