No admission of wrongdoing
Royal Bank of Canada announced today that it has reached an agreement to settle its part of the so-called “MegaClaims lawsuit” brought by Enron Corp. against RBC and a number of other financial institutions. The bank says the terms of the agreement reflect RBC’s minor role in the dispute.Under the agreement, RBC will pay Enron […]
Alleges senior partner was active participant in investment scheme
Says small claims court judge erred in dismissing the case
Alleges Industrial Alliance interfered with purchase
Awards Perelman US$850 million in damages
Investment bank says it was denied a fair trial
Union seeks $60 million in damages from three managers
The U.S. Securities Industry Association is praising a U.S. Supreme Court ruling, that it says will avert frivolous securities class-action lawsuits.The Supreme Court overruled a lower court decision in Dura Pharmaceuticals Inc., et al. v. Michael Broudo. The SIA and The Bond Market Association had filed a joint amicus curiae brief in the case. The […]
Lawsuit filed against Cassels Brock, former managing partner