Trooper wins more contempt fines on Thermo Tech
Trooper Technologies Inc TPP Shares issued 18,140,628 Apr 23 close $1.62 Fri 23 Apr 99 Street Wire Also Thermo Tech Technologies Inc (TTRIF) by Brent Mudry Stan Lis's Trooper Technologies has won mixed success in its extended contempt-of-court actions against Thermo Tech Technologies. In a decision released Friday by the Supreme Court of British Columbia, Mr. Justice Bruce Cohen imposed a further fine of $25,000 each against Thermo Tech Technologies and Thermo Tech Waste Systems for their repeated flouting of court orders to hand over engineering papers for its thermophilic composting plants. The pair finally paid $50,000 in initial contempt-of-court fines, levied last July, on March 31, the day before facing Judge Cohen in the latest court hearing. Trooper, however, lost an attempt to punish Thermo Tech compost promoter Rene Branconnier and associate Daniel Cumming with personal contempt fines. Longtime Thermo Tech compost promoter Mr. Branconnier is in the midst of resigning as president and CEO. In his 13-page decision, Judge Cohen agreed with Trooper lawyer David Lunny's argument that the "Thermo Tech defendants once more chose to manufacture a bogus compliance with the order of Jan. 20, 1998, rather than comply with it properly" after the ruling last July. "I find myself in agreement. . . that the purported compliance by the Thermo Tech defendants. . . was little more than a repeat, in a different guise, of the original purported compliance," states Judge Cohen. The judge ruled there has to be a further imposition of fines against the Thermo Tech companies. Mr. Lunny unsuccessfully argued that Mr. Branconnier and Mr. Cumming should be held personally liable and fined for the repeated contempts of court, because they were "running the show." The judge ordered the two Thermo Tech companies to pay their latest $25,000 fines within seven days. The judge noted that Thermo Tech finally apologized for its repeated contempts last fall, when chief financial officer Wayne Hansen tendered a candid affidavit. Mr. Hansen stated he was "shocked" when he learned at the end of July that Trooper was launching yet another contempt application. The executive, whom the judge noted was not responsible for the contempt, noted that he assumed the company's lawyers, O'Neill & Company, had taken all necessary steps to fully comply with the court order. "I had become increasingly concerned about the manner in which our former solicitors were handling the defence of the claim and this second contempt application was the straw that broke the camel's back," stated Mr. Hansen. In the affidavit, the CFO told the judge that he decided last July that he had to replace O'Neill and retain rival law firm Clark Wilson instead. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |