I wonder if the same could possibly... Somehow... apply with SSO
http://www.resourceinvestor.com/pebb...
| Barrick challenging CIBC over asset-backed commercial paper |
By Jon Nones
18 Apr 2008 at 02:40 PM
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The Globe and Mail reports: Barrick Gold Corp. [NYSE:ABX] reportedly wants to sue Canadian Imperial Bank of Commerce over the bank's advice to invest in asset-backed commercial paper (ABCP).
Barrick, which owns about C$66 million ($65.4 million) in commercial paper, claims CIBC's investment bank said the debt wasn't tied to subprime mortgage assets. Barrick then held on to its paper and bought more before the market froze in August.
Barrick is challenging a C$32 billion restructuring of Canada's non-bank asset-backed commercial paper in a Toronto court so that it will have the right to sue CIBC
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