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Lawsuit Launched Against BCE, Former Teleglobe Directors

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MONTREAL, Nov. 23 -- A C$6 billion lawsuit has been filed in Ontario Superior Court of Justice against BCE, Canada's largest communications company, and against seven former directors of Teleglobe Inc., a former subsidiary of BCE, by Teleglobe plan administrator Kathy Morgan. Morgan wants a formal declaration that Teleglobe Inc. and its creditors have been oppressed by the former Teleglobe directors and by BCE within the meaning of the Canada Business Corporations Act. She is also seeking a declaration that the former directors breached their fiduciary duty to Teleglobe and failed to act in a...Read full article

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    Published: November 2005
    BCEBellCanadaCommunicationsfiduciarylawsuitNews & FeaturesOntarioTeleglobe

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