The Supreme Court of Canada refuses to hear the challenge of Pierre Karl Péladeau and his brother, Érik Péladeau, in a case concerning the inheritance of their father opposing them to their sister, Anne-Marie Péladeau.
Ms. Péladeau had won her case in the Superior Court, then in the Court of Appeal, and the Péladeau brothers therefore lost their last resort in this case.
The highest court in the country announced Thursday that it would not consider the case.
The Péladeau brothers had concluded, through Placements Péladeau inc. (PPI), a $55 million agreement to buy back the shares of Quebecor inherited by their sister, after the death of her father, the company’s founder.
A clause that determined that payments should only be made if the dividends paid to PPI by Quebecor exceeded $4.2 million was at the heart of the dispute that lasted twenty years.
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