P. v. Toronto Stock Exchange et al.
P. v. Toronto Stock Exchange: Employment Termination Appeal
Summary
An appeal from the Court of Appeal for Ontario regarding the Toronto Stock Exchange's disciplinary actions against an appellant who was terminated from his position as a director, shareholder, and employee of a member firm. The court addressed whether the Exchange acted within its by-laws, induced a breach of contract, or violated natural justice in its disciplinary proceedings. The Exchange's authority was upheld and procedural fairness was satisfied through a second hearing. This decision was appealed to the Supreme Court of Canada, which upheld it (P. v. Toronto Stock Exchange et al., [1968] SCR 330). The Supreme Court of Canada dismissed the appeal, holding that the Board of Governors of the Toronto Stock Exchange acted in good faith and in accordance with natural justice. The trial judgment dismissing the appellant's action stands.
Key Factors
- employment termination
- disciplinary actions
- natural justice
- fiduciary duty
- inducing breach of contract
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This summary was written by AI from the published decision and its headnote. It is not an official version of the decision; read the full text on CanLII before relying on it. This is legal information, not legal advice. Ontario Severance is an educational tool. If you are facing a serious employment law matter, consult with a qualified employment lawyer in Ontario.