Request Legal Help Now - Free


Final $55 Million Settlement Reached in Norbourg Class Action

This is a settlement for the Securities/Stock Fraud lawsuit.

Monreal, PQ: 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.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Feb-16-11


Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free