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Bullboard - Stock Discussion Forum CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

TSX:FUT - Post Discussion

View:
Post by BayWall on Oct 25, 2012 8:43pm

Upset Shareholder

Here was one upset shareholder dating back to 2006:

 

The Company, in the course of its normal operations, is subject to claims, lawsuits and

contingencies. During the third quarter of 2006, the Company received a statement of claim from a

shareholder, seeking the return of its original investment in the amount of $605,000, or in the

alternative, damages in the amount $1,000,000, plus punitive damages in the amount of $200,000,

based on alleged misrepresentations by the Company. Also in the third quarter of 2006, the

Company filed a statement of defense in response to this statement of claim and management

believes that an adverse outcome is unlikely. There has been no change to the status of the claim

since the third quarter of 2006 to December 31, 2011.

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