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To KW - This makes it appear as if the “frivolous” cousins lawsuit was filed mainly for your personal benefit. I’m curious where all the money went or have you since repaid the estate?
BBM
Family feud erupts around Apotex founder
“The cousins have acknowledged in court filings that Mr. Sherman, 64, gave them money. Mr. Winter received as much as $15,000 a month and Dana's widow has been given money to support her two children, according to court filings. However, they have alleged that Mr. Sherman used the money to control them. In court filings, Mr. Winter said his monthly payments dropped to $2,000 a month after the relatives filed a suit against Royal Trust Co. last year.
In his lawsuit, Mr. Sherman alleges that Mr. Winter, 45, signed a promissory note last November agreeing to repay $7.9-million on demand. Mr. Winter had borrowed the money over the years to finance a home renovation business and purchase several properties, according to family members. Mr. Sherman is seeking repayment of the promissory note, plus interest, as well as possession of a house in Fenelon Falls, Ont.
Court filings show that Mr. Sherman sent Mr. Winter a letter demanding repayment about a week before the cousins filed their lawsuit.
"It's simply to protect my interests," Mr. Sherman said yesterday. "I've got to realize on the security. But the value of it is far less than I've lent him."
As for Dana's widow, Julia, he said: "I'm not going to give her any more money obviously."
Mr. Sherman expressed frustration at the cousins for pursuing the legal action.
"Their hope is that somehow they'll get some money out of me even though there is no cause of action," he said. "It's disgusting. It is disgusting. It's bizarre."
He added that he has no intention of settling the case and that he has a long track record of helping others.
"I help all kinds of people because I know I'm very successful and I feel an obligation to help friends, family and strangers too. Anybody I can. Who, even amongst wealthy people would spend countless millions of dollars trying to help cousins make a living? For nothing in return?"
Then he added: "I've done all I can. It's got to come to an end now."….”
BBM
Family feud erupts around Apotex founder
“The cousins have acknowledged in court filings that Mr. Sherman, 64, gave them money. Mr. Winter received as much as $15,000 a month and Dana's widow has been given money to support her two children, according to court filings. However, they have alleged that Mr. Sherman used the money to control them. In court filings, Mr. Winter said his monthly payments dropped to $2,000 a month after the relatives filed a suit against Royal Trust Co. last year.
In his lawsuit, Mr. Sherman alleges that Mr. Winter, 45, signed a promissory note last November agreeing to repay $7.9-million on demand. Mr. Winter had borrowed the money over the years to finance a home renovation business and purchase several properties, according to family members. Mr. Sherman is seeking repayment of the promissory note, plus interest, as well as possession of a house in Fenelon Falls, Ont.
Court filings show that Mr. Sherman sent Mr. Winter a letter demanding repayment about a week before the cousins filed their lawsuit.
"It's simply to protect my interests," Mr. Sherman said yesterday. "I've got to realize on the security. But the value of it is far less than I've lent him."
As for Dana's widow, Julia, he said: "I'm not going to give her any more money obviously."
Mr. Sherman expressed frustration at the cousins for pursuing the legal action.
"Their hope is that somehow they'll get some money out of me even though there is no cause of action," he said. "It's disgusting. It is disgusting. It's bizarre."
He added that he has no intention of settling the case and that he has a long track record of helping others.
"I help all kinds of people because I know I'm very successful and I feel an obligation to help friends, family and strangers too. Anybody I can. Who, even amongst wealthy people would spend countless millions of dollars trying to help cousins make a living? For nothing in return?"
Then he added: "I've done all I can. It's got to come to an end now."….”