Deloitte aims to make final payout in receivership that started in 2005
Units of Crocus were pulled from the market in 2004
Manitoba regulator says penalties would have been paid out of funds that could still be recovered by investors
Class-action lawsuit involving defunct fund has been settled
There are matters to be resolved, the receiver says. So, no money will be paid out in 2008
And after a three-year investigation of investment fund, the RCMP says no arrests are warranted
Negotiated settlements have garnered some $12 million that could make its way to unitholders
Settlements have been reached with all but one of the defendants in a lawsuit over the collapse of Manitoba’s Crocus Investment Fund.A Court of Queen’s Bench judge has been told that the fund’s former directors and officers, its auditors, the Manitoba Securities Commission and the Manitoba government have agreed to pay a total of $12 […]
Chubb’s $4-million payout still leaves other defendants facing angry shareholders
Proposed deal would remove fund’s officers and directors as defendents