What is the effect of a derivative action against a former employee of a private company for failing to pay the amount of the Consent Judgment?
Ontario, Canada
The following excerpt is from Zeifmans LLP v. Mitec Technologies Inc., 2019 ONSC 3643 (CanLII):
The imposition of personal liability is for the payment of the amount of the Consent Judgment. This order goes no further than necessary to rectify the oppression and vindicate the reasonable expectations of Zeifmans: Wilson v. Alharayeri, at paras. 52-54. 2. Derivative Action
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