ATB strips Pocklington of fee income

Article Abstract:

Alberta Treasury Branches (ATB) has ordered Canbra Foods Ltd. to take away income of $40,000 a month from entrepreneur Peter Pocklington and instead pay the amount to the bank through receiver-manager KPMG Inc. In a court hearing in Alberta Court of Queen's Bench, the state-owned ATB said that the income should have been paid to the holding company, Pocklington Financial Corp. Canbra said that it will abide by ATB's requests upon resolution of some legal issues. Canbra President Larry McNamara said that Pocklington deserves to receive the payment since he provides the management advice.

Comment:

Is ordered by ATB to take away income of $40,000 a month from entrepreneur Peter Pocklington & instead pay amount to KPMG

Fats & Oils, Starch and Vegetable Fats and Oils Manufacturing, Fats and oils, Fats and oils industry, Article, Canbra Foods Ltd.

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Judge rejects mall's attempt to stop suit

Article Abstract:

Alberta Treasury Branches' (ATB) C$450-million lawsuit against the West Edmonton Mall has been upheld by Justice Blair Mason of the Alberta Court of Queen's Bench. The judge dismissed the mall's application to strike the the entire affidavit submitted by the bank in his 43-page ruling. ATB has filed a lawsuit in Aug 1998 against 20 defendants, including former ATB head Elmer Leahy and the four Ghermezina brothers who own the mall.

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