Raymond James Ltd. v. Noronha

2018 ONSC 4997 (CanLII)Decided

Summary Judgment: Agency Agreement Termination & Loan Recovery

Summary

This is a summary judgment motion involving a dispute between an investment dealer and an investment advisor following the termination of their agency agreement. The plaintiff sought recovery of a forgivable loan balance, while the defendant counterclaimed for wrongful termination and breach of good faith. The court granted summary judgment, finding no genuine issue for trial, as the contract terms were clear and IIROC regulatory findings supported the termination.

Outcome

Summary judgment granted for the plaintiff

Key Factors

  • summary judgment
  • wrongful termination
  • agency agreement
  • duty of good faith
  • IIROC findings

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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.