Frank Stronach’s Granddaughter Pursues Company Documents in Misconduct Probe Nicole Stronach, the granddaughter of Magna International founder Frank Stronach, is seeking access to company documents related to allegations of sexual misconduct and harassment at the automotive giant. According to court filings, Nicole has filed a lawsuit against the company, seeking an order to produce documents and electronic communications that may shed light on the handling of misconduct allegations against current and former executives. The lawsuit alleges that Magna has failed to adequately address numerous complaints of misconduct and that it has retaliated against employees who have reported such incidents. Nicole, who is a minority shareholder in Magna, claims that the company’s actions have violated her rights as a shareholder and have damaged the company’s reputation and value. The allegations of misconduct at Magna first came to light in 2020, when former executive David Ramsay was accused of sexual harassment by multiple women. Ramsay was subsequently fired, and an internal investigation was launched. However, Nicole’s lawsuit claims that the investigation was insufficient and that Magna has not taken necessary steps to prevent further misconduct. It also alleges that the company has retaliated against employees who have reported or spoken out about the allegations. Magna has denied the allegations and has said it will vigorously defend itself against the lawsuit. The company has also stated that it is committed to creating a safe and respectful workplace and that it has implemented a number of measures to prevent and address misconduct. The case is expected to be closely watched by shareholders and the wider community, as it raises important questions about corporate accountability and the handling of sexual misconduct allegations in the workplace. The outcome of the lawsuit could have significant implications for Magna and other companies facing similar allegations.Allegations of Misconduct and Cover-Up Surface in Stronach Family LawsuitAllegations of Misconduct and Cover-Up Surface in Stronach Family Lawsuit Selena Stronach, granddaughter of billionaire businessman Frank Stronach, has filed a court motion demanding that the family business, The Stronach Group, release any documents related to sexual misconduct allegations against her grandfather and settlements involving whistleblowers. The motion stems from media coverage of sexual assault charges against Frank Stronach, which Selena Stronach believes may have occurred within the corporate environment and involved the misuse of company assets. The ongoing legal battle revolves around the management of The Stronach Group and the Stronach family’s estate. Selena Stronach previously alleged that her aunt, Belinda Stronach, and others have mismanaged trusts containing the family’s assets. In response to the allegations, Belinda Stronach stated that she will oppose the motion and provide the court with the basis for her opposition. She also called the charges against her father “deeply disturbing” but declined further comment due to the court case. Last month, The Stronach Group acknowledged the charges against Frank Stronach but noted that he has not been actively involved in the company for several years. Frank Stronach, now 91, faces five sex crimes involving three complainants, and has been charged with an additional eight counts involving seven complainants. The allegations date back to 1977 but also include incidents from this year. Stronach’s attorney has stated that his client denies all allegations and will defend his reputation vigorously. The criminal case is scheduled to resume in October. Stronach founded the auto parts giant Magna in 1957 and also established The Stronach Group, specializing in horse racing. Selena Stronach’s motion argues that the company’s statement after the sexual assault allegations failed to deny prior knowledge of the allegations against her grandfather. She suggests that documents may exist that reveal a pattern of corporate misconduct, including concealment and facilitation. The allegations have not been proven in court, and a hearing on the disclosure motion is scheduled for next month.Frank Stronach’s granddaughter, Alisha Suleman, is seeking company documents related to misconduct allegations against her grandfather and other former executives at the Stronach Group. Suleman filed a petition in Delaware Chancery Court on behalf of a Stronach Group shareholder trust that she controls. The petition alleges that Stronach and other former executives engaged in “egregious” misconduct, including self-dealing, conflicts of interest, and a lack of oversight. The petition seeks access to documents related to these allegations, including board meeting minutes, financial statements, and internal investigations. Suleman’s attorney, Adam Offenhartz, said that the documents are necessary to determine the extent of the alleged misconduct and to hold the responsible parties accountable. “We believe that Ms. Suleman has a right to review these documents as a beneficiary of the trust,” Offenhartz said. “The documents will shed light on the misconduct that occurred at the Stronach Group and will help us to hold the responsible parties accountable.” A spokesperson for the Stronach Group said that the company is reviewing the petition and will respond in due course. The Stronach Group is a privately held company that owns and operates racetracks, casinos, and other businesses. Frank Stronach founded the company in 1979 and served as its chairman until 2019.