A New York investment company and affiliates have lost their appeal of a shareholder oppression lawsuit they originally filed against the parent company of Magna Entertainment Corp., with the Canadian judges affirming lower-court awarded indemnity costs of $2.1 million.
The board of directors of Magna Entertainment Corp. announced Wednesday that it has elected Brian Tobin as a director and vice-chairman of the MEC Board. Tobin is the chief executive officer and a director of MI Developments Inc., which is the majority shareholder of MEC.
- By Ray Paulick
By Ray Paulick -- This note to Kentucky legislators: Friends Lake, winner of the $1-million Florida Derby (gr. I) March 13, was foaled in New York, the same state that produced Funny Cide, winner of last year's Kentucky Derby (gr. I).
Former Canadian cabinet minister and provincial premier Brian Tobin has been appointed chief executive officer of MI Developments Inc., a real estate spin-off of Magna International that holds a controlling interest in Magna Entertainment Corp.
Most Popular Stories
- Competitive Edge Super Sharp in Hopeful Romp
- Study: Boots, Wraps Increase Leg Heat during Exercise
- Miss Serendipity, Blanc Snatch Yellow Ribbon
- Del Mar Trainers to Hop in Bouncey Ball Race
- Sharp Sensation Edges Ben's Cat in 'Monster
- Cary Street Rides Rail to Greenwood Surprise
- Fall Meet at Los Alamitos Begins Sept. 5
- Protonico Surges in Smarty Jones for Pletcher
- Ring Weekend at Home on Turf in Saranac Win
- Breeder, Businessman Garvin Dies at Age 71