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COURT ALLOWS OTHER PARTIES TO JOIN SUIT AGAINST STAVRO

     A judge allowed a group of minority shareholders of Maple
Leaf Gardens Ltd. to join a lawsuit against the company.  In a
decision released yesterday in the Ontario Court, Justice John
Ground said Jim Devellano, and Harry Ornest and his family can
join a suit launched last summer by a group of charities to block
the takeover of the Gardens by grocer Steve Stavro.  Ornest, his
family and Devellano own more than half of the outstanding
Gardens shares, which amounts to less than 10% in total.  Since
April, Stavro has acquired more than 90% of Gardens shares,
including 60% from the estate of the late Harold Ballard which
Stavro bought for C$34 apiece in a private deal with the estate's
executors.  Those challenging Stavro's ownership charge a
conflict of interest due to Stavro's role as one of the executirs
of Ballard's estate (Paul Waldie, FINANCIAL POST, 11/3).  One
Toronto lawyer called Justice Ground's ruling "a blow to Stavro.
It's something he didn't want to happen."  The case is expected
to be heard in court next spring or early summer (Toronto GLOBE &
MAIL, 11/3).
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