Hi

The Superior Court of Quebec rendered on April 14 its decisions in what some say is the longest trial in Canadian history (I’m quoting the Globe & Mail on this one). I worked on this case when I was at Heenan Blaikie in 1994-95, so it’s not young!

I have yet to read the over 750 pages long judgment of Justice Marie St-Pierre that holds liable then-Coopers & Lybrand for negligently auditing the statements of Castor Holdings Ltd. The judgement, in English, is annexed here and also can be found at:
http://www.jugements.qc.ca/php/decision.php?liste=52755718&doc=572299E66E92BBC70547E72D7989F41DD0E241ECB1DA11E73D3623640DB39407&page=1

Here are a couple of articles reporting on it:
http://www.montrealgazette.com/business/Castor+auditor+found+negligent/4627007/story.html
http://m.theglobeandmail.com/report-on-business/auditors-negligent-in-castor-holdings-collapse-judge-rules/article1987707/?service=mobile

No surprises here if this decision goes the Quebec Court of Appeal.

Enjoy!
Lara

Lara Khoury
Associate Professor
Faculty of Law, McGill University
3644 Peel
Montreal (Qc)
H3A 1W9 Canada
Tel.: +1.514.398.6610
Fax: +1.514.398.4659

** Visit the website of the McGill Research Group on Health and Law at www.mcgill.ca/healthlaw **