Eighty-six investors from 19 countries who claim to have invested more than $570 million in the Lancer Offshore Group have filed a lawsuit against its directors, administrator, auditor and prime broker.
The three biggest claimants are all based in Montreal, Canada: Fondation Lucie et Andre Chagnon, a charity with a claim for $100 million; Bombardier Inc., the world’s biggest train maker and third largest civil aircraft manufacturer whose pension fund has a claim for $68 million; and the University of Montreal’s pension fund, with a claim for $67 million.
Investors sue Lancer Group service providers for $570 m
21 years ago
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Bahamas Bermuda British Virgin Islands Canada Cayman IslandsKeywords
Anthony Stocks Banc of America Bombardier Inc. Citco Group Declan Quilligan