Cassels Brock Successfully Represents Stetson Oil & Gas Ltd. In Claim Against
Thomas Weisel Partners for Incomplete Bought Deal
TORONTO, March 4, 2013
TORONTO, March 4, 2013 /PRNewswire/ - Stetson Oil & Gas Ltd, represented by a
litigation team at Cassels Brock & Blackwell LLP, has received the decision of
the Ontario Superior Court of Justice (Commercial List) stating that Thomas
Weisel Partners Canada Inc. breached its bought deal engagement letter with
Stetson dated July 13, 2008, and awarding full damages of $16,042,669 plus
interest and costs.
A copy of the decision has been posted by Stetson under its profile on SEDAR
"This decision confirms and clarifies the underwriter's obligations in a
bought deal transaction and will have a significant impact on the way both
issuers and underwriters approach future bought deal financings in Canada, "
notes Lara Jackson, a securities litigation partner at Cassels Brock and one
of the lead lawyers on the Stetson team.
Lara Jackson is available for media interviews.
About Cassels Brock
Cassels Brock & Blackwell LLP is a leading Canadian law firm focused on
serving the transaction, advocacy and advisory needs of Canada's most dynamic
business sectors. The firm is regularly named at or near the top of Canadian
and international corporate finance and M&A league tables, including
Bloomberg, Thomson and MergerMarket, particularly in the natural resources
sector, having acted on more than 500 significant deals over the past five
years, including many of the country's largest and most complex.
SOURCE Cassels Brock & Blackwell LLP
*For additional information or to set up an interview, contact: Kelli Wight,
Director, Business Development, Cassels Brock & Blackwell
LLP,email@example.com or 416-860-6761.
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