Rogers Communications says it will not appeal court decision

(Reuters) – Canadian wireless giant Rogers (NYSE:) Communications Inc said it will not appeal the Supreme Court’s decision that ruled in favour of the late founder’s son, Edward Rogers, to constitute a new board.

The Supreme Court of British Columbia ruled in favour of Edward Rogers on Friday, handing him a big victory in a dispute that pitted him against his mother and sisters and had weighed on the stock.

Edward Rogers was removed as the chair of Rogers Communications in September after he lost out in a family feud that started when he tried to dislodge Chief Executive Officer Joe Natale, saying he doubted Natale’s ability to lead the combined entity after the C$20-billion Shaw deal in March.

However, following Friday’s ruling, as soon as Edward Rogers was reinstated as chairman of the board, he showed support for Natale in a surprise move.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.