Norbourg Class Action - Final Agreement Reached
Securities
Montréal - The parties involved in the various Norbourg suits announced that they have signed the final agreement confirming the settlement and payment of $55 million to the Norbourg victims.
On Thursday, February 17, 2011, the notice to members stating that this out-of-court settlement will soon be submitted for approval by the Superior Court will be published in La Presse, Le Soleil, Le Journal de Montréal, Le Journal de Québec and The Gazette.
All Norbourg and Évolution investors as of August 24, 2005 will thus be notified that the settlement will be submitted to Superior Court Judge André Prévost on March 14, 2011, to approve the transaction concluded with the participating defendants and to determine the amount in fees for their attorneys. These investors will also be notified that a petition on behalf of Réal Ouimet in respect of the motion to initiate a class action against the Caisse de dépôt et placement du Québec will also be submitted to the court. Finally, the notice will also mention how this settlement will impact the investors in the Perfolio class action.
This notice to the members will contain details regarding the agreement, in particular the contact information for the lawyers representing the investors, including a telephone number (1-855-788-3003) and the website address (www.roylarochelle.com) for the Pellemans class action, or the website (www.gbvavocats.com This link will open in a new window) for the Caisse and Perfolio class actions, where interested parties may consult the major documents and receive answers to their questions.
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Information:
Investors' legal counsel
Me Jacques Larochelle: 418-529-5881
Me Serge Létourneau: Office: 418-692-6697 Cellphone: 418-564-8142
Me Marc-André Gravel: 418-656-1313
Additional news
- Norbourg Class Action - Agreement in Principle Reached Between Parties
- Norbourg - Consecutive prison terms - AMF seeks hearing before Supreme Court
- Prison term against Vincent Lacroix reduced to 5 years less one day : AMF carefully reviewing court of appeal decision
- Norbourg - AMF to appeal reduced sentence for Vincent Lacroix
- Norbourg - Sentence against Norbourg boss reduced to 8 1/2 years - AMF might appeal
- AMF seeks over $31M against parties involved in distribution of Norbourg funds
- Vincent Lacroix sentenced to 12 years less one day
- Vincent Lacroix guilty of 51 charges - AMF satisfied with decision
- Norbourg - AMF to provide some $31 million in compensation
- La Presse article regarding Norbourg - AMF sets the record straight
- Norbourg - AMF to seek dismissal of motion for authorization of class action by representatives
- Motion for Authorization in Norbourg Affairs - AMF argues it fulfilled its obligations and stresses desire to unite recourses
- Norbourg: AMF seeks to unite recourses for benefit of investors
- Norbourg - Investor Protection Association Supports Recourse Launched by AMF
- Norbourg - Superior Court disqualifies class action attorneys
- Norbourg Matter - AMF seeks disqualification of class action attorneys
- Vincent Lacroix attempted to bribe AMF employee - AMF completes internal investigation and looks for criminal proceedings
- AMF files charges against Vincent Lacroix
- Norbourg Matter - Lacroix's motion regarding living expenses and professional fees dismissed
- Norbourg Affair - Claims to the Fonds d'indemnisation
- Norbourg - AMF launches suit for benefit of investors
- Bankruptcy petition against Vincent Lacroix - AMF protecting interests of investors
- Norbourg Bankruptcy - AMF to continue to defend investors
- AMF opposes motion filed by Vincent Lacroix
- AMF seeks to wind up Norbourg
- Ernst & Young - Letter to unitholders of Norbourg mutual funds and Evolution mutual funds
- Freeze order on shares held by Lacroix in Dianor Resources
- Norbourg ordered to cease activities; Assets frozen