21 Jun 2023
Dale et al. v The Toronto Real Estate Board et al.
In the case of Dale et al. v The Toronto Real Estate Board et al., which was initiated on March 19, 2009, Lawrence Mark Dale, Stephen Moranis, and Realtysellers (Ontario) Limited were the plaintiffs. The defendants were divided into two groups: The Canadian Real Estate Association (CREA) and twenty-two former CREA officers or directors, and The Toronto Real Estate Board (now the Toronto Regional Real Estate Board, TRREB), TREB-REN Venture Inc., and twenty-two former directors, along with one current director of TRREB.
The plaintiffs sought damages amounting to $540,000,000 for various causes of action, including breaching settlement agreements from previous litigation, breach of duty of good faith, and a collateral warranty related to the settlement agreements, breaches of the Competition Act, tort of civil conspiracy, inducing breach of contract, and tortious interference with contractual relations. Additionally, they claimed punitive damages of $10,000,000.
The CREA Defendants and the TRREB Defendants moved to dismiss the action due to delay, or alternatively, they requested an order to require the plaintiffs to post security for costs.
Ultimately, the court decided to dismiss the action for delay based on the given reasons.
