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Granite Real Estate

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2009

    Shareholder criticism of Magna Entertainment financing

    Before Magna Entertainment Corporation entered bankruptcy, MI Developments provided it with significant debt financing. Some shareholders alleged that the transfers exposed MI Developments to risks while benefiting interests associated with Frank Stronach. The issue contributed to later scrutiny of the company’s governance and control structure.

    Source