AGF Management Limited (AGF_B.TO: Quote) said Saturday that the company and AGF Investments Inc. have issued a Statement of Claim in the Ontario Superior Court of Justice alleging that a U.S. investment company, its executive recruitment firm, and certain individuals including ex-fund manager Patricia Perez-Coutts orchestrated an attempted unlawful "lift-out" of an entire team of experienced investment managers in breach of their legal obligations.
The Claim alleges that the attempted unlawful lift-out was planned so as to inflict damage to AGF, while at the same time inappropriately rewarding certain ex employees, including Patricia Perez-Coutts to work with them to affect the improper lift out.
Click here to receive FREE breaking news email alerts for AGF Management Ltd. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News