Court won’t hear appeal from investors including former NHLer Lanny McDonald

OTTAWA — The Supreme Court of Canada will not hear a challenge over a business dispute from a group of investors led by former hockey star Lanny McDonald.

At issue is how Birch Mountain Resources Ltd. lost its Alberta limestone quarry to Brookfield Asset Management Ltd. after running into financial trouble.

Retired Calgary Flames star McDonald and his co-plaintiffs have alleged that Brookfield subsidiaries used misleading and oppressive actions to gain control of the company and its quarry.

Brookfield has called the accusations meritless, frivolous and an abuse of process.