Montréal – The Autorité des marchés financiers (AMF) has filed a motion in Superior Court seeking disqualification of the law firm Lauzon Bélanger s.e.n.c., attorneys in the class action.
The AMF motion alleges conflicts of interest on several grounds, including:
- Yves Lauzon is representing opposing interests by acting on behalf of both investors and Éric Asselin;
- Yves Lauzon is in a conflict of interest by launching a suit concurrently for the purpose of recovering his investment in the amount of $1,800,000. Should he win the case, this amount would be subtracted from the total assets to be redistributed among all investors.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.
— 30 —
Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, choose option 9 for English, then 1 for industry
Consumers and investors: (877) 525-0337, choose option 9 for English, then 8 for consumers