Court Dismisses Application by Andrew Rankin

Jan 15, 2013, 10:00 ET from Ontario Securities Commission

TORONTO, Jan. 15, 2013 /CNW/ - On January 11, 2013 the Superior Court of Justice (Divisional Court) released its Oral Reasons in respect of Andrew Rankin's appeal of the decision of the Ontario Securities Commission, dated November 21, 2011, dismissing Rankin's application to set aside an earlier order of the Commission approving a settlement he made with the Staff of the Commission.

The majority of the Court dismissed Rankin's appeal on the grounds that the November 21, 2011 decision of the Commission was a reasonable one.

Copies of the Oral Reasons are available through the Court.

SOURCE Ontario Securities Commission