From the CP via Slam! Sports,

Two Vancouver businessmen are appealing a judge’s decision rejecting their claim that they were unlawfully and unfairly scooped out of a chance to buy the Vancouver Canucks.

Tom Gaglardi and Ryan Beedie had argued they were in a partnership with Francesco Aquilini when Aquilini negotiated behind their backs to buy the lucrative franchise in 2004. They wanted a judge to order Aquilini to put the team in trust for them.

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note: a bit more information on the original ruling, plus background and related links to this story, can be found here