Jump to Main ContentJump to Primary Navigation

A family legal dispute that would not go away

An acrimonious legal challenge lingers behind the suspicious deaths of the philanthropist and 'inspiring leader' Barry Shermans

    Barry Sherman (Picture: Getty)
    Barry Sherman (Picture: Getty)

    Four of Barry Sherman’s cousins had a long running (and to date unsuccessful) law suit against him claiming millions of dollars — and at the time of his death were reportedly preparing an appeal.

    Kerry Winter and his three brothers alleged that Mr Sherman had cut them out of the pharmaceutical company he built up from Empire, their father Louis Winter’s company.

    Mr Sherman worked for Empire and acquired it in 1967 after the elder Mr Winter’s death.

    In their suit, the cousins argued that Mr Sherman had promised the executors of their parents’ wills that they would be included in the company and allowed to buy stock — and that that promise should have remained in place when Mr Sherman went on to set up Apotex. Instead, they said, they were cut out of the family fortune.

    In a statement of claim, they said the executors of their father’s will were promised that the Winter children would have the right to work for the company once they reached 21 and buy five per cent of the issued shares.

    They alleged that the purchase of Apotex was made possible from the proceeds of the sale of Empire, yet Mr Sherman “made no provision for (them) to work at Apotex and become shareholders”. This breached his fiduciary duty to them, the Winters claimed.

    But the legal challenge, running for many years and becoming increasingly acrimonious, has not been successful so far.

    The original suit was dismissed in 2015 but reinstated a year later. 

    A judge ruled in favour of Mr Sherman this September but the cousins planned to appeal.

    Kerry Winter told the Toronto Star earlier this year: “I don’t know if it’s so much about getting five, 10 or ‘X’ amount of millions.

    “To me this is about, and I know it sounds a cliché, it’s really about making Barry Sherman accountable.”

Holidays

Florida: Out of this world

Lianne Kolirin

Sunday, March 25, 2018

Florida: Out of this world
Education news

Ofsted inspectors say primary 'requires improvement'

Lianne Kolirin

Thursday, December 28, 2017

Ofsted inspectors say primary 'requires improvement'
World

Hate letters sent to Canadian synagogues

Lianne Kolirin

Wednesday, December 20, 2017

Hate letters sent to Canadian synagogues
Community News

Autistic Josh excels in barmitzvah learning

Lianne Kolirin

Thursday, February 15, 2018

Autistic Josh excels in barmitzvah learning
UK News

Jewish groups challenge Lancashire kosher ban

Lianne Kolirin

Friday, December 22, 2017

Jewish groups challenge Lancashire kosher ban
UK News

Israeli mining company listed on London Stock Exchange

Lianne Kolirin

Wednesday, December 20, 2017

Israeli mining company listed on London Stock Exchange
Community News

Less is more for Kenton as it prepares for 70th

Lianne Kolirin

Friday, December 29, 2017

Less is more for Kenton as it prepares for 70th
Community News

Christmas volunteering drive

Lianne Kolirin

Thursday, December 21, 2017

Christmas volunteering drive
UK News

Judaism to get more primetime slots on BBC

Lianne Kolirin

Wednesday, December 20, 2017

Judaism to get more primetime slots on BBC