Certification of a Class Action Suit Against Bridgegate Financial Corporation

CALGARY, Nov. 19, 2014 /CNW/ - Borden Ladner Gervais LLP (BLG) – Patrick Heinsen (Partner) and Locklyn Price (Associate) as counsel for the Representative Plaintiffs, successfully applied to certify Court of Queen's Bench Action No. 1001-16318 as a Class Proceeding, pursuant to the Alberta Class Proceedings Act, SA 2000, c C-16.5 (the "Class Proceeding").  The Honourable Justice A.D. Macleod of the Alberta, issued the Certification Order.

The Class Proceeding alleges that the Defendants made fraudulent misrepresentations in an offering memorandum offered by Bridgegate Financial Corporation issued, January 9, 2006 (the "OM1").  Once invested the funds were shortly thereafter used in a manner contrary to that disclosed in the Offering Memorandum, for the Defendants' own benefit, and to the detriment of the OM1 investors. 

For the purposes of the Certification, the Court defines the Class as follows:

			All persons, individuals, entities or corporations who remitted funds to the Defendants, or any of them, to purchase investment units through the OM1
			(the "Class")

This Press Release is issued as a condition to the Certification Order and to direct members of the Class to the Notice of Certification of Class Proceeding, which has been posted with the Certification Order on BLG's Deal's and Suits page.

SOURCE: Borden Ladner Gervais LLP

see the above link or contact: Patrick Heinsen, Borden Ladner Gervais LLP, [email protected], [phone]; Locklyn E. Price, Borden Ladner Gervais LLP, [email protected], [phone]