Ridley Inc.

Ridley Inc.

September 05, 2007 08:49 ET

Ridley Inc. Seeks Appeal of Ontario Court Ruling

MANKATO, MINNESOTA AND WINNIPEG, MANITOBA--(Marketwire - Sept. 5, 2007) - Ridley Inc. (TSX:RCL) announced today that it is filing an application with the Supreme Court of Canada seeking leave to appeal from the decision of the Court of Appeal for Ontario denying Ridley's motion to strike claims of economic losses by an Ontario farmer. Representative plaintiffs seek to certify class actions against Ridley Inc. and the Government of Canada in Ontario, Alberta, Saskatchewan and Quebec to include all Canadian cattle farmers who allegedly suffered damage as a result of international bans on trade in Canadian beef and cattle following the May 2003 diagnosis of Bovine Spongiform Encephalopathy (BSE) in a cow in Alberta.

In its decision of June 21, 2007, the Court of Appeal for Ontario upheld the January 2006 decision of the Ontario Superior Court that refused early dismissal of the proposed BSE class action lawsuit filed against Ridley Inc. and the Government of Canada. A hearing of the plaintiff's motion to certify the Ontario action as a class action has yet to be scheduled. The Ontario action seeks a national class to include affected cattle farmers residing in the six remaining Canadian provinces.

Ridley Inc. is requesting leave to appeal from the Ontario Court of Appeal's decision because it believes the decision conflicts with Supreme Court of Canada case law and other court decisions, and because the proposed appeal raises issues of national importance.

Ridley Inc., (www.ridleyinc.com) headquartered in Mankato, Minnesota and Winnipeg, Manitoba, is one of North America's leading commercial animal nutrition companies. Ridley manufactures and/or distributes a full range of animal nutrition products under a number of highly regarded trade names.

Ridley's common shares are listed on The Toronto Stock Exchange (Trading symbol: RCL).

Contact Information

  • Ridley Inc.
    Steve VanRoekel
    President and CEO
    (507) 388-9618
    Website: www.ridleyinc.com