Property developer awarded $11 million in lost profits against seller who refused to complete transaction

17 March 2022

*Trial decision regarding damages overturned by Court of Appeal. See Lost profits of $11 million not the appropriate measure of damages for aborted sale to developer (The Rosseau Group Inc. v. 2528061 Ontario Inc.)

(This blog is provided for educational purposes only, and does not necessarily reflect the views of Gardiner Roberts LLP).