The statement of claim says "John Doe," but the letter accompanying it is to the intended defendant.
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They're being sent to the homes of the IP address holders, but are addressed to "John Doe" from the movie studio. He said the letters can appear to be "a little bit sketchy," but they are legitimate. Now, studios are identifying an IP address, suing the unknown person associated with that address and then getting a Norwich order through the Federal Court of Canada against the internet service provider to obtain the customer's name and address.įraser said his firm has been contacted by a number of individuals who have received a letter. Under Canada's Copyright Modernization Act, internet service providers have to track the IP addresses of users who are illegally downloading. "And that could become a lien on your house, that could become garnishment of your salary and it's not something you can just hope will go away."įor years, studios have been cracking down on people illegally downloading shows and movies by targeting suspects through sending notices to their internet providers, which are forwarded to customers. "They can get a default judgment and they can go for the maximum, which is $5,000," David Fraser told CBC Radio's Mainstreet on Tuesday. If ignored, there could be a high price to pay.
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(Reporting by M.If you received a piece of registered mail from a movie studio looking to sue you for illegally downloading a TV show such as Game of Thrones, a Canadian privacy lawyer in Nova Scotia says you need to take it seriously.
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It added that product overlap between Cipla and Torrent is "manageable" as there were only four overlaps at the molecule level where the "combined sales share would cross the 90% mark." The second source said Cipla is likely to be more keen on getting a strategic partner on board, like Torrent, instead of a pure financial investor, though a final decision was not likely soon.Ī Bernstein report in August flagged possible antitrust scrutiny and requirement to divest brands when combined market shares are high. Torrent and Blackstone both have submitted non-binding bids for Cipla, sources say.įoreign banks, including Morgan Stanley and Barclays are also in talks with Torrent to arrange potential debt financing for the deal, the second and third source said.īarclays declined to comment while Morgan Stanley did not immediately respond. Torrent, whose market cap is 54% lower than Cipla's $11.9 billion, is present in more than 40 countries and sells medicines related to diabetes, pain management, gynaecology, oncology and anti-infective segments as per its website. It competes with global majors Pfizer and Abbott, among others, in the world's most populous nation whose pharmaceutical market is expected to reach $130 billion by 2030, from $50 billion currently. The Economic Times first reported CVC's talks with Torrent on Monday.Ĭipla also exports medicines to North America and South Africa, and sells generic drugs to treat illnesses like cold, fever and headaches. Torrent is likely to reach a decision to finalize its consortium financing partner in the next few days, said the first source.īain and Blackstone declined to comment while Cipla, Torrent and CVC did not respond to comments. That translates to a $6.75 - $7 billion deal, Bernstein estimated in an Aug. Cipla's founding family is keen to sell their 33.4% holding entirely, sources say, and any bid will also trigger an open offer for another 26% stake, as per Indian regulations.
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