Info class action
Mount Real
In November 2008, the owner of promissory notes issued by Corporation Mount Real filed with the Superior Court of Quebec a Motion for authorization to institute a class action and to be representative plaintiff against:
- ex-senior officers, Lino P. Matteo and Paul D’Andrea;
- accounting firms Deloitte & Touche, L.L.P., BDO Dunwoody, L.L.P. and Schwartz Levitsky Feldman, L.L.P.; and
- B2B Trust and Penson Financial Services Canada Inc.
This class action is in the wake of the scandal that involved Corporation Mount Real and its related companies.
This class action is led by Belleau Lapointe, L.L.P., Trudel & Johnston, L.L.P. and Lauzon Bélanger Inc.
On August 25th, 2011, the Honourable Jean-François Buffoni, S.C.J., granted the Motion for authorization to institute a class action for the class described below.
Are you part of the class?
You are part of the class in the context of the present case if you correspond to the following:
[Translation] "All persons that as of November 9, 2005, were owner of promissory notes issue by the companies Corporation Mount Real, MRACS Management Ltd., Real Vest Ldt, and Real Assurance Acceptation Corporation."
If you are part of this class, we invite you to register yourself as one of its members. This way, we will communicate with you whenever there are important developments in this file.
Chronology
August 2011
The Superior Court of Quebec authorizes the class action.
June 2011
On June 16, 17, 20 and 21, 2011 the Motion for Authorization to Institute a Class Action is argued before the Superior Court. The matter is taken under advisement.
November 2008
Filing of a Motion for authorization to institute a class action and to be representative plaintiff.