Institutional investors sought to recover losses from the collapse of Norshield
Enrico Bruni fined $18,000 for illegal sale of investment vehicles related to Norshield Group
Investors seeking damages for extra-contractual liability in Norshield fruad
Xanthoudakis and Smith had alleged bias in OSC proceedings
No evidence that Xanthoudakis and Smith were denied a fair hearing by OSC panel
OSC orders lifetime trading ban for Xanthoudakis and Smith
Weaker commodity prices reduced the number of underwritings
Total provision climbs to $77.9 million
Protections remain in place
Hearing adjourned until October