The Caisse de dépôt et placement du Québec today reported that it is no longer a defendant in the class action suit filed by the attorney representing investors in the various Evolution and Norbourg funds.

The group’s attorney has told the Caisse of the discontinuance of the action.

The Caisse had rejected all allegations in the class action, stating there were no facts justifying the suit against it.

The Caisse was never the manager of the Evolution Funds. The funds were managed by Evolution Funds Inc., a company owned by Teraxis Capital. It was Teraxis Capital that sold Evolution Funds Inc.

The Caisse was one of the investors in Teraxis Capital with an 80% interest.