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E-gaming company expected to file lawsuit against P.E.I. today

Finance Minister Wes Sheridan
Finance Minister Wes Sheridan

One of the companies linked to the P.E.I. government’s failed Internet gambling initiative is expected to file a multi-million dollar lawsuit in the P.E.I. Supreme Court Wednesday.

The Ontario-based law firm Findlay McCarthy PC is holding a telephone news conference today to announce a lawsuit it intends to file against the P.E.I. government on behalf of its client, Capital Markets Technologies (CMT).

No details were offered about the suit, but The Guardian has learned it will name multiple parties, including: the government of P.E.I., former finance minister Wes Sheridan, executive council clerk Steve MacLean, former chiefs of staff to the premier, Chris LeClair and Allan Campbell, as well as officials at Innovation P.E.I. and two private businessmen.

Sources tell The Guardian CMT is seeking damages of over $20 million.

CMT was a  shareholder in a U.K. firm that worked in 2011-12 with the P.E.I. government and Mi’kmaq Confederacy on a proposal to make P.E.I. a country-wide Internet gambling regulator. Later in 2012, CMT became embroiled in a securities investigation and was ordered to pay $15,000 in penalties and costs.

CMT’s lawsuit is expected to reveal new details of the province’s secretive e-gaming initiative.

The P.E.I. government was informed in late December of CMT’s intent to file a claim, as required by the Crown Proceedings Act. This act imposes a 90-day waiting period before any proceeding can begin against the province, which ends Wednesday.

Jonathan Coady of Stewart McKelvey has been retained by the province to defend any claim by CMT.

Asked for comment, Coady pointed to the timing of the suit, coming on the second day of the provincial election.

“The timing speaks for itself,” Coady said in an email to The Guardian.

Government is fully prepared to defend itself in this claim, he added.

“A complete and unequivocal defence will be filed at the courthouse for anyone to read. No press conference required,” Coady said.

“Any legal document that I file on behalf of the government will be accurate, detailed, and provable. Now that’s what I demand. I can’t speak for them.”

CMT’s lawsuit is expected to be filed Wednesday in the Supreme Court of P.E.I.

The Ontario-based law firm Findlay McCarthy PC is holding a telephone news conference today to announce a lawsuit it intends to file against the P.E.I. government on behalf of its client, Capital Markets Technologies (CMT).

No details were offered about the suit, but The Guardian has learned it will name multiple parties, including: the government of P.E.I., former finance minister Wes Sheridan, executive council clerk Steve MacLean, former chiefs of staff to the premier, Chris LeClair and Allan Campbell, as well as officials at Innovation P.E.I. and two private businessmen.

Sources tell The Guardian CMT is seeking damages of over $20 million.

CMT was a  shareholder in a U.K. firm that worked in 2011-12 with the P.E.I. government and Mi’kmaq Confederacy on a proposal to make P.E.I. a country-wide Internet gambling regulator. Later in 2012, CMT became embroiled in a securities investigation and was ordered to pay $15,000 in penalties and costs.

CMT’s lawsuit is expected to reveal new details of the province’s secretive e-gaming initiative.

The P.E.I. government was informed in late December of CMT’s intent to file a claim, as required by the Crown Proceedings Act. This act imposes a 90-day waiting period before any proceeding can begin against the province, which ends Wednesday.

Jonathan Coady of Stewart McKelvey has been retained by the province to defend any claim by CMT.

Asked for comment, Coady pointed to the timing of the suit, coming on the second day of the provincial election.

“The timing speaks for itself,” Coady said in an email to The Guardian.

Government is fully prepared to defend itself in this claim, he added.

“A complete and unequivocal defence will be filed at the courthouse for anyone to read. No press conference required,” Coady said.

“Any legal document that I file on behalf of the government will be accurate, detailed, and provable. Now that’s what I demand. I can’t speak for them.”

CMT’s lawsuit is expected to be filed Wednesday in the Supreme Court of P.E.I.

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