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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Snc-Lavalin Group Inc    SNC   CA78460T1057

SNC-LAVALIN GROUP INC

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Snc Lavalin : Norman's lawyers cite SNC-Lavalin testimony in fight for secret documents

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04/17/2019 | 01:28pm EDT

OTTAWA — Vice-Admiral Mark Norman's lawyers are trying to use testimony from the country's top bureaucrat during the SNC-Lavalin affair to gain access to secret government documents about their client.

During a pre-trial hearing today, Norman's lawyers told a court that testimony Michael Wernick, the outgoing clerk of the Privy Council, gave to a parliamentary committee earlier this year opens the door for them to see the documents.

Wernick told the Commons' justice committee in February that he made the decision not to block the release of secret cabinet documents requested by Norman's lawyers, and instead let the courts decide what should be released because it was "the easiest way."

Norman's legal team says Wernick's comment amount to a waiver of solicitor-client privilege that the government has used as a reason to not reveal a variety of other documents related to the case.

They believe those documents will prove Norman's case has been tainted by political interference and boost their efforts to get the breach-of-trust charge against him tossed out.

Norman served as the military's second-in-command before being suspended and charged for allegedly leaking government secrets about a $700-million shipbuilding contract. He denies any wrongdoing.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2019 9 846 M
EBIT 2019 679 M
Net income 2019 368 M
Debt 2019 838 M
Yield 2019 1,59%
P/E ratio 2019 11,0x
P/E ratio 2020 8,49x
EV / Sales2019 0,53x
EV / Sales2020 0,52x
Capitalization 4 413 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 38,9  CAD
Last Close Price 25,1  CAD
Spread / Highest target 98,9%
Spread / Average Target 54,8%
Spread / Lowest Target 23,3%
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Managers
NameTitle
Neil Alexander Bruce President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Ian Edwards Chief Operating Officer
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
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