Media Invitation - Norshield Victims Lawsuit Against Royal Bank of Canada

MONTREAL, May 4 /CNW Telbec/ - The group 'Friends of BRF' is inviting all members of the media to attend a press conference about the lawsuit against Royal Bank of Canada and affiliate companies initiated by a group of investors and filed March 27, 2009. The press conference will take place next Saturday, May 8, 2010. During the press conference, attorney from NY Lee Squitieri and attorney from Montreal John Bracaglia will explain all five counts that have been retained by the New York Court as valid claims to be further examined. The five counts are breach of fiduciary duty, aiding and abetting breach of fiduciary duty, fraud, unjust enrichment and restitution, and breach of contract as third party beneficiaries of the contracts between RBC and Norshield. As a result, investors claim they allegedly lost approximately $90 millions of dollars.

The group 'Friends of BRF' is a gathering of Investors affected by the Norshield collapse seeking amicable settlement with the RBC or a favourable judgement from the New York court. Our mission is to inform the public on the causes of Norshield closing, and repercussions on investors.


           When: Saturday, May 8th, 2010

           Time: 13h15 - 14h30 PM

           Location: Centro Social Espanol
           4848 St.Laurent Blvd (near corner of Blvd St. Joseph)
           2nd Floor / Montreal


For further information: For further information: Véronique Isabal, (514) 777-6647

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