SCFL obtains Court of Appeal order for USD 79 million security for costs

Friday, 30 May 2014

June 27, 2013

Shapray Cramer Fitterman Lamer LLP, on behalf of its client First Majestic Silver Corp (NYSE:AG; TSX:FR), obtained an extraordinary order from the B.C. Court of Appeal requiring that the defendants post US $79 million as security for the trial judgment in First Majestic's favour.  Brad Cramer and Francis Lamer represented First Majestic on this application and, together with Howard Shapray, represented First Majestic at the trial.

The Court of Appeal reasons for judgment, released June 27, 2013, may be found at http://www.courts.gov.bc.ca/jdb-txt/CA/13/03/2013BCCA0312.htm.