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784773 Ontario Limited v Larkin
- The case concerned money that had been misappropriated by the Defendants while they were acting as trustees from 1995 to 2018. - The Plaintiff was 784773 Ontario Ltd., a land development company. - The Plaintiff, Ardree, and Lindvest had a cost-sharing agreement for land development in Newmarket, Ontario. - The Plaintiff had the largest proportionate share, around 67%. - The Defendants, Michael Larkin and his firm, were trustees responsible for collecting and disbursing funds under the cost-sharing agreement. - Discrepancies in accounting were discovered in 2017, leading to the revelation of misappropriation. - The Defendants admitted to misappropriating funds, including a $2.195 million adjustment to cover up their actions. - The Defendants had misappropriated funds by transferring money from the group account to personal and business accounts. - In 2020, the Defendants admitted to taking $1,038,616 and paid that amount. - In 2021, the court granted a partial judgment of $1,038,616, which was not opposed by the Defendants. - The Defendants admitted to taking $1,728,304 and agreed to pay $50,238 for forensic accountants' work. - The remaining disputed funds amounted to $739,926. - The PwC analysis had shown a $1,108,367 discrepancy in funds transferred to Larkin accounts. - The court had ruled in favor of the Plaintiff, granting summary judgment for $739,926.
784773 Ontario Limited O/A Lowton Co-Tenancy
Law Firm / Organization
Not specified
Lawyer(s)

Neil G. Wilson

Michael Larkin
Law Firm / Organization
Not specified
Lawyer(s)

D. Gordon Bent

Larkin + Land Use Planners Inc.
Law Firm / Organization
Not specified
Lawyer(s)

D. Gordon Bent

Superior Court of Justice - Ontario
CV-18-00138604-0000
Civil litigation
$ 739,926
Plaintiff