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by Mike Caswell

The estate of late Abbotsford property developer David Wiebe has dropped a lawsuit it filed in the Supreme Court of British Columbia against Canaccord Genuity Corp. over unsuitable recommendations. The estate had complained about shares that Canaccord and one of its former employees, John A. Weisgerber, purchased for Mr. Wiebe when he was still alive. Among them was a $7-million purchase of shares in CIBT Education Group Inc. that lost substantially all of their value, the suit stated.

The conclusion of the lawsuit is contained in a brief consent order filed on March 19, 2015. The order simply states that the suit is dismissed. Both sides are to pay their own legal fees.

DIGNITY MEMORIAL

David Wiebe

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