2025 ONSC 848 (February 6, 2025)

• The Ontario Superior Court of Justice allowed Nedaneg Financial Corporation’s appeal, reversing the Associate Judge’s dismissal of its motion for a Certificate of Pending Litigation (CPL).
• The court found a strong prima facie case of fraud against Pedram Talebzadeh, concluding that he used his family and corporate entities to shield assets from creditors.
• Result: Nedaneg was granted leave to register CPLs on the Cedric and Winona Properties to secure its claim.

2025 ONSC 1214 (February 24, 2025)

• After winning the CPL appeal, Nedaneg sought legal costs of $109,000 (substantial indemnity) or $80,000 (partial indemnity).
• The court awarded $80,000 on a partial indemnity basis, rejecting a higher amount because Nedaneg had not yet fully won its fraud case.
• Result: Defendants were ordered to pay $80,000 in costs within 15 days.

Final Outcome

• Nedaneg successfully obtained CPLs on two properties and was awarded $80,000 in legal costs.
• The court recognized a strong fraud case but did not issue a final ruling on liability beyond the CPL decision.