West Face Capital Inc. has filed a $500-million lawsuit against Catalyst Capital Group Inc., accusing the rival private equity firm of conspiracy and defamation. In the countersuit, West Face alleges that principals at Catalyst, and agents and companies it either hired or “caused to be hired” — including the high-profile Israeli-based intelligence firm Black Cube — engaged in “an insidious, co-ordinated and systematic campaign of defamation and economic interference” against West Face and its principal, Greg Boland. In the statement of defence, West Face said it denies all the allegations brought against it by Catalyst. A Catalyst spokesman had previously told the Post that Catalyst didn’t hire Black Cube directly, and said that no one at Catalyst knew beforehand of the sting on Newbould. Catalyst has four times in four years taken action against West Face.

Source: National Post December 30, 2017 00:56 UTC