Well its door number threeIt's quite obviouse that The BIGM27 knows little about investing and if he owns CIBC shares should sell. Granted the class action suit is against CIBC but that's simply because the employee who initiated the case works for CIBC. She could have been a Royal, BNS, BMO or TD employee. If BIGM27 read all the information he would learn that there are several other banks whose employees have now come forward as well as employees from telecommunications company, other federally regulated companies plus government dept's. This may be, and probably is a problem that is spread out through Canadian and US business. There are many such suit in the USA and now the greedy lawyers are turning to Canada. There will no doubt be many more such suits and many more companies named.
I would appreciate if these postings can be kept to intelligent comments on investing and the companies involved, rather than such useless dribble that we get from such postings as BIGM27's