Mason Capital loses appeal

VANCOUVER • Mason Capital has lost an appeal in its ongoing fight with Telus Corp. over the telecom company’s move to have a single class of shares.

The B.C. Supreme Court Tuesday upheld an earlier ruling that cleared the way for Telus to hold a shareholder meeting to vote on the plan.

In the decision, the court says Mason’s opposition to the plan “had nothing to do with the well-being of Telus and its shareholders.” The meeting Mason attempted to block was Oct. 17 and shareholders voted to approve the one-for-one share conversion plan.