EthicsCentre CA

EthicsCentre CA

March 25, 2009 11:10 ET

Media Advisory: EthicsCentre Presents

TORONTO, ONTARIO--(Marketwire - March 25, 2009) - It's a bitter sweet story where 1,770 families each owning less than $1 million of the toxic Non Bank ABC shared a cash settlement of $190 million, plus accrued interest and legal costs, for the return of their lifesavings - the largest retail investor settlement in Canadian history. And still, the question remains: how in a regulated industry were so many investors led astray and advised to buy such toxic financial products?

On March 26, Ms. Diane Urquhart, the financial advisor appointed by Justice Campbell of the Ontario Superior Court of Justice to advise the ABC retail note holders, will touch on the behind the scenes skullduggery which led to the retail note holders owning more than $1,000,000 of the ABC being stranded with wholly inadequate cash settlements, and the loss of their right to sue for damages under the ABC bankruptcy protection plan. Addressing the roles of the international banks and of the Ontario and Federal Governments, Urquhart will discuss her experiences representing the victims and provide her bold recommendations for remediating the financial sector moving forward.

The Canadian Asset Backed Commercial Paper Crisis - the Cause and the Cure

Who: The Ethics Centre luncheon speakers series welcomes Diane Urquhart, a financial analyst with over 25 years in the industry, including as a top-ranked financial services analyst and head of equity research at Burns Fry Ltd. and Scotia Capital Markets.

What: Ms. Urquhart will speak about her experience as the financial advisor appointed by Justice Campbell of the Ontario Superior Court of Justice to advise the ABC retail note holders.

Where: The Albany Club, 91 King Street East

When: Thursday, March 26, 2009 12 noon until 2 p.m.

Contact Information

  • EthicsCentre CA
    Denise Attallah
    (416) 542-2636
    or
    EthicsCentre CA
    Casey Solomon
    (416) 542-3100 ext. 30460
    Website: www.ethicscentre.ca