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Ontario Court of Justice Acquits Former CannTrust CEO


Ontario Court of Justice Acquits Former CannTrust Holdings Inc. CEO

 

Alistair Crawley and Jonathan Preece of Crawley MacKewn Brush LLP acted as co-counsel for Peter Aceto, the former CEO of CannTrust Holdings Inc., in a quasi-criminal prosecution commenced by the OSC in relation to alleged securities offences. The OSC concluded that it had no reasonable prospect of conviction against Mr. Aceto, leading the Ontario Court of Justice to acquit Mr. Aceto on all charges. The case was the first of its type in Canada where quasi-criminal charges had been brought for alleged disclosure breaches by a public company.

Prior to the OSC prosecution, CMB represented Mr. Aceto in his claim for wrongful dismissal against CannTrust Holdings Inc., in defence of class action proceedings, and in related CCAA proceedings.

Globe & Mail: OSC moves to withdraw charges against former CannTrust officials accused of growing pot in unlicenced areas

Financial Post: OSC moves to withdraw all charges in CannTrust case, saying no prospect of conviction

 

 

 

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