23:43:51 EDT Sun 24 May 2020
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or Name

Toronto-Dominion Bank
Symbol TD
Shares Issued 1,819,840,377
Close 2019-10-08 C$ 73.16
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TD seeks contempt order, jail time for Serenas

2019-10-09 10:59 ET - Street Wire

Also Street Wire (C-EXP) Experion Holdings Ltd

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by Mike Caswell

TD Waterhouse Canada Inc. has asked a judge to find one of its clients in contempt of court and send that client to jail for one week. TD says that the client has repeatedly lied and failed to co-operate with attempts to enforce an $80,000 judgment. Among other things, the client has failed to account for his $300,000 interest in an Abbotsford home, TD contends.

The request from TD comes as part a lawsuit that it filed in the Supreme Court of British Columbia against Steve Serenas, the former chairman of Viridium Pacific Group Ltd. According to TD, Mr. Serenas improperly sold 214,265 Viridium shares in August, 2018, through his TD account. As it turned out, the shares were restricted, meaning they could not be traded, TD said. The firm then had to buy replacement shares in the market. This left Mr. Serenas's account with a $72,176 shortfall, an amount that he has not paid to date.

TD's contempt-of-court request comes as part of an effort by TD to collect money from Mr. Serenas to address that shortfall. When the case came for trial, Mr. Serenas agreed to an $80,000 judgment against him, with that amount including TD's court costs and interest. According to TD, Mr. Serenas has since failed to comply with that judgment and has not co-operated with TD's efforts to obtain information about his assets.

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lawlessness propogated by bc liberals government carrying over into ndp government, land being stolen, homes stolen, police sitting on d i l do's

Posted by war soon at 2019-10-09 11:10