Plaintiff
Defendant
Background Facts: Lindsay Ross, a lawyer specializing in corporate, tax, and estate planning, solicited wealthy clients to invest in the Travelodge Hotel and the Parkside complex, asking them to provide personal guarantees. At the time, Ross and his wife, Joanne Ross, were insolvent, a fact they did not disclose to the investors. Ross falsely represented that all participants were financially sound.
Fiduciary Duty Breach: Ross and his firm, L.A.C. Ross Law Corporation, failed to disclose their insolvency and other material facts. They structured the investments to benefit themselves financially without making the required contributions and concealed these actions.
Conflict of Interest: Ross did not disclose his personal and financial conflicts of interest while acting as the plaintiffs' solicitor. He and his entities received superior holdings in the investments without making the required contributions.
Key Findings: Justice Jackson found Ross highly intelligent but dishonest and manipulative. He gaslighted clients, used complex structures to mislead them, and failed to provide independent legal advice. Joanne Ross was also a knowing participant in the wrongdoing.
Conclusion: The court ruled in favor of the plaintiffs, awarding them the remedies sought. The total costs and award amount were not specified. The ruling emphasized the importance of fiduciary duty and the severe consequences of breaching client trust.
Court
Supreme Court of British ColumbiaCase Number
S174615Practice Area
Corporate & commercial lawAmount
Winner
PlaintiffTrial Start Date
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