Tag: Norbourg

New indemnity fund proposed following out-of-court settlement in Norbourg class-action

Days after an agreement in principle was reached in the Norbourg class action suit, opening the door for thousands of investors to recover nearly all the money they lost in one of the biggest investment frauds in the country, questions surrounding the efficacy and scope of investor protection provided by the debt-ridden indemnity fund overseen by Quebec’s financial watchdog have surfaced.

Norbourg: Law firms seeking $11 million

Law firms that negotiated Norbourg class action are seeking $11-million.

Norbourg class action good business for lawyers

A couple of weeks after an agreement in principle was reached in the Norbourg class action suit, opening the door for thousands of investors to recover nearly all the money they lost in one of the biggest investment frauds in the country, Quebec’s securities regulator is facing an expensive legal tab.

Do jail sentences deter future white-collar crimes?

“Jail sentences do not deter future white-collar crimes. What discourages future white-collar criminals is the fear of getting caught, not the length of sentence,” according to an accounting professor.

Vincent Lacroix criminal trial about to begin

Long-awaited criminal proceedings against Vincent Lacroix, the founder of defunct mutual fund company Norbourg Asset Management Inc., are about to proceed.