10:56:54 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 111,747,563
Close 2016-08-09 C$ 4.29
Market Cap C$ 479,397,045
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Canaccord's ex-client Hassall drops lawsuit

2016-08-10 10:46 ET - Street Wire

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by Mike Caswell

Former Vancouver physician Dr. Eric Hassall has dropped the lawsuit that he filed in the Supreme Court of British Columbia against Canaccord Genuity Corp. over losses in his portfolio. A consent order filed on Aug. 2, 2016, states that the case has been dismissed, without costs to any party. Dr. Hassall had complained that his long-time adviser placed over 70 per cent of his portfolio in a company that later filed for bankruptcy relief.

The consent order comes nearly three years after the lawsuit from Dr. Hassall (who is a pediatric gastroenterologist now living in San Francisco). In an Aug. 22, 2013, notice of claim, he said that Canaccord's Aeron Evans invested over 70 per cent of his portfolio in a California company called Edison Mission Energy. The investment steadily declined in value, and by the time Canccord sold it he had lost $169,000, the suit stated.

Aeron Evans
CANACCORD
Aeron Evans

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