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ARTICLE · 17 MARCH 2006

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Borden Ladner Gervais LLP
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On November 23, 2005, Justice R.J. Smith of the Ontario Superior Court of Justice dismissed a claim brought by two registered representatives, Derek King ("King") and William Crook ("Crook"), against their former employer, Merrill Lynch Canada Inc. ("Merrill Lynch").

CanadaLitigation, Mediation & Arbitration
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By James D.G. Douglas -National Group Leader, John D. Blair, Georges R. Thibaudeau, Carole J. Brown, David Di Paolo and Gordon R. Johnson

THE COURTS

On November 23, 2005, Justice R.J. Smith of the Ontario Superior Court of Justice dismissed a claim brought by two registered representatives, Derek King ("King") and William Crook ("Crook"), against their former employer, Merrill Lynch Canada Inc. ("Merrill Lynch"). King and Crook sought damages for wrongful dismissal, loss of economic opportunity, interference with economic relations, unjust enrichment, and breach of fiduciary duty and confidence following their termination from Merrill Lynch. At the time of their termination, King and Crook held a book of business totalling $180 million, earning gross commissions of $3.2 million per year.

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