/C O R R E C T I O N from source -- Paquette Gadler Inc./

Please note that in c6968 transmitted yesterday June 16, 2011, modifications were made to the title and to the 'For further information' section at number 4). Corrected copy follows:

CLASS ACTION AGAINST DESJARDINS FINANCIAL SECURITY: EIGHT YEARS NO RETURN ON INVESTMENT FOR INVESTMENT PRODUCTS SOLD BY DESJARDINS FINANCIAL SECURITY

(SUPERIOR COURT OF QUEBEC No. 200-06-000134-117)

QUEBEC, June 16, 2011 /CNW Telbec/ - Messrs Jean-Paul Dupuis and Francis Tremblay are among the thousands of investors who bought, from Desjardins Financial Security, Life Insur ance Company, investment products called « Strategic Index Plus » and « Tactical Index Plus ».

Although publicized as very secure and low risk products, Desjardins' investment strategies involved high leverage with the result that during the fall of 2008 Desjardins Financial Security was forced to liquidate that par t of the funds dedicated to producing returns on t hese investments.

As a result, the investors haven't received any returns since 2008. Many are stuck with maturity dates ranging up to July 1st, 2016 which means that some investors will have received no returns for a period ranging up to eight years.

Messrs Jean-Paul Dupuis and Francis Tremblay have now filed a class action against Desjardins Financial Security seeking the reimbursement of the funds invested plus interest and damages.

This class action concerns all persons who held, on December 31st, 2008, investment products Strategic Index Plus or Tactical Index Plus issued by Desjardins Financial Security.

All concerned persons may, if they wish, provide us with their relevant information by completing the form that can be obtained by consulting Messrs. Jean-Paul Dupuis and Francis Tremblay's lawyers' web site at www.paquettegadler.com.

For any additional information regarding the present press release, you are invited to contact anyone of the lawyers of the petitioners listed below or to consult their web site.

SOURCE PAQUETTE GADLER INC.

For further information:

1) For French electronic media 
Mtre François Lebeau
UNTERBERG, LABELLE, LEBEAU SENC
Counsels for petitioners 
Tel. 514-934-0841
www.recours-collectifs.ca
  3) For written press 
Mtre Serge Létourneau
LÉTOURNEAU GAGNÉ s.e.n.c.r.l. 
Counsels for petitioners 
Tel. 1-866-692-6697
www.letourneaugagne.ca
     
2) For English electronic media 
Mtre Paul G. Unterberg
UNTERBERG, LABELLE, LEBEAU SENC
Counsels for petitioners 
Tel. 514-934-0841
www.recours-collectifs.ca
   4) For any other questions : 
Mtre Guy Paquette or
Mtre Mathieu Charest-Beaudry
PAQUETTE GADLER INC.
Attorneys ad litem for petitioners 
Tel. 514-849-0771
www.paquettegadler.com

 

Profil de l'entreprise

PAQUETTE GADLER INC.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.