Quebecor claims rights over sale of embattled Just For Laughs comedy festival

MONTREAL — Media giant Quebecor Inc. is claiming the embattled Montreal-based Just For Laughs company cannot be sold without its consent.

Quebecor (TSX QBR.B) filed a request for an injunction in Quebec Superior Court on Wednesday demanding its 2012 partnership deal with the comedy festival be respected.

It claims the agreement gives it a right of first refusal regarding the sale of the company.

Quebecor says it has the right to buy the festival and that if it rejects the asking price, Just for Laughs cannot be sold to a third party for less.

Gilbert Rozon, founder and majority shareholder of Just For Laughs, announced he was selling the company after becoming the subject of numerous allegations last year of sexual harassment and abuse.

The sale has been entrusted to RBC Capital Markets, which is the target of Quebecor’s lawsuit.

Quebecor claims to have injected more than $45 million into various partnerships and sponsorships in Just For Laughs since it signed the 2012 agreement.

The president of Just For Laughs, Guylaine Lalonde, said in a statement the company will contest Quebecor’s legal move, which it described as “clearly ill-founded.”

She said the sale process is proceeding as normal.

Just Posted

Red Deer police recover stolen Second World War German army passport, trying to find owner

A rare, Second World War era German passport was recovered by police… Continue reading

Four Red Deer skiers off to Alberta Winter Games

Four young Red Deer skiers are headed to the Alberta Winter Games.… Continue reading

Hurry Hard: Red Deer Oilmen’s Bonspiel starts on Friday

A January tradition in Red Deer, the Oilmen’s Bonspiel takes to the… Continue reading

City Hall briefly evacuated

Carbon monoxide false alarm behind evacuation

Charges laid in home invasion in Maskwacis

Three people injured with stab wounds

WATCH: Marijuana in the Workplace information luncheon held in Red Deer

Central Alberta businesses need to prepare for the legalization of marijuana. That… Continue reading

WATCH: Red Deer city council debates cost-savings versus quality of life

Majority of councillors decide certain services are worth preserving

Got milk? Highway reopened near Millet

A southbound truck hauling milk and cartons collided with a bridge

Stettler’s newest residents overcame fear, bloodshed to come here

Daniel Kwizera, Diane Mukasine and kids now permanent residents

Giddy up: Red Deer to host Canadian Finals Rodeo in 2018

The CFR is expected to bring $20-30 million annually to Red Deer and region

Ice dancers Virtue and Moir to carry flag at Pyeongchang Olympics

Not since Kurt Browning at the 1994 Lillehammer Games has a figure… Continue reading

Beer Canada calls on feds to axe increasing beer tax as consumption trends down

OTTAWA — A trade association for Canada’s beer industry wants the federal… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month