September 20, 2013
604 681 0900
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.
Howard Shapray and Stephen Fitterman headed to Harvard Law School in June to participate in Harvard Negotiating Institute's Mediating Disputes Workshop, a week-long, intensive program focused on critical aspects of mediation including models of practice (caucus and non-caucus), interest-based bargaining and shaping mediated settlements.
We are pleased to announce that Shapray Cramer Fitterman Lamer LLP has obtained a damage award of USD $89.9 million for client First Majestic Silver Corp (NYSE:AG; TSX:FR).
The case involved allegations of self-dealing and breach of fiduciary duty by a former corporate officer and majority shareholder of a British Columbia public company, First Silver Reserve Inc., in relation to a corporate opportunity to purchase a silver mine in Mexico. First Majestic acquired control of First Silver in 2005 from the defendant.