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Company: Norbourg Asset Management Inc.

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Jean Cholette and Serge Beugre were each found guilty last March of more than 100 charges

Finance minister worried that a universal compensation fund would impose additional burden on investors

Agreement in principle reached, regulator says

AMF won’t appeal the five-year sentence handed down to ex-Norbourg CEO

Ex-Norbourg CEO already serving five years for securities violations

Trial for co-accused to continue

  • By: IE Staff
  • September 21, 2009 September 21, 2009
  • 13:38

The Quebec Court of Appeal has approved a request from Quebec’s securities regulator to appeal the reduced fraud sentence of former Norbourg head Vincent Lacroix.The hearing before the appeal court justices will take place on December18.Written arguments from the Autorité des marchés financiers (AMF) are to be submitted by October 17 and lawyers for Lacroix, […]

  • By: IE Staff
  • August 14, 2008 August 14, 2008
  • 09:50

The Autorité des marchés financiers says it is seeking to appeal the court decision reducing the sentence imposed on the founder of failed mutual fund firm Norbourg by 42 months.On Dec.11, 2007, Judge Claude Leblond found Norbourg founder, Vincent Lacroix, guilty on the 51 charges brought against him by the AMF on March 9, 2006. […]

Sentence against Lacroix trimmed to 8 1/2 years

AMF looking to recover $32 million