07:54:32 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



National Bank of Canada
Symbol NA
Shares Issued 339,361,952
Close 2018-05-07 C$ 61.79
Market Cap C$ 20,969,175,014
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National Bank sues group that left for Canaccord

2018-05-08 10:35 ET - Street Wire

Also Street Wire (C-CF) Canaccord Genuity Group Inc

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by Mike Caswell

National Bank Financial Inc. has filed a lawsuit in the Supreme Court of British Columbia against a group that defected from its downtown Vancouver branch, claiming that the group took confidential information and defamed the firm. National Bank says that it has lost clients as a result. The suit seeks appropriate damages and a court order that would bar the defectors from using National Bank's data.

The allegations are contained in a notice of claim that National Bank filed on May 2, 2018, at the Vancouver courthouse. The suit mostly targets Dwight Cameron Mann, a 17-year employee who managed a group within National Bank. Also a defendant is Mr. Mann's new employer, Canaccord Genuity Corp., and two other National Bank employees who resigned after Mr. Mann's firing.

Dwight Mann
DWIGHTMANN.CA
Dwight Mann

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