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.
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by RTT Staff Writer
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