January 13, 2014 14:23 ET
WINDSOR, ONTARIO--(Marketwired - Jan. 13, 2014) - The Class Actions that originated in the Ontario Superior Court of Justice resulting from the Bre-X bankruptcy and the "gold fraud allegations" in the Busang are now the only actions against the Estate of David Walsh, Bre-X's former president, his wife Jeannette, John Felderhof, Bre-X's former chief geologist, his former wife Ingrid Felderhof, Spartacus Corp., Stephen McAnulty and Nancy McAnulty.
Over the last year, the actions by Bre-X's Trustee in Bankruptcy in Ontario, Alberta and the Cayman Islands have been dismissed and a Mareva injunction in the Cayman Islands has been dissolved.
As a result of the dissolving of the Mareva injunction in the Cayman Islands, Mr. Strosberg has concluded that there is no reasonable prospect of a recovery even if this class action was ultimately successful.
There will be a motion before Justice Perell on February 20, 2014, at 10:00 a.m. at Osgoode Hall, 130 Queen Street West, Toronto, Ontario for:
The notice of motion and affidavit may be reviewed at the website www.brexclassaction.com. All class members may attend the motion before Justice Perell or the class members may send comments or submissions by email, fax or letters to:
Sutts, Strosberg LLPDebbie Tocco1.800.229.5323
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