As a result of the CCAA proceedings of Poseidon, the class actions against Poseidon and its directors and officers have been stayed by Order of the Alberta Court of Queen’s Bench. The class actions against other defendants, including the underwriters, National Bank, KPMG and Peyto, have not been affected by the CCAA stay of proceedings. The plaintiffs have brought a motion to consolidate the class proceedings pending in the Ontario Superior Court of Justice against these defendants, which is currently scheduled to be argued before the court in late-April 2015. Also in April 2015, the plaintiffs will argue a motion before the Ontario Superior Court of Justice that seeks the Court’s permission to proceed with the claims against National Bank of Canada.
My posts were wondering if National Bank has anything to do with the pesistant useless posts by what are obviously paid posters.