Norshield blames bad press for fund redemptions

Article Abstract:

Hedge fund company Norshield Financial Group is facing the brunt of bad publicity following reports in the media about its legal cases. The legal dispute with Montreal based animation company Cinar Corp., is the primary reason for bad press. Following the reports of legal dispute, investors have withdrawn substantial amounts even though the company's investment fundamentals are strong.

Legal issues & crime, Financial management, Public affairs, Legal/Government Regulation, Management investment, open-end, Company legal issue, Public opinion, Media coverage, Investor relations, Mutual fund industry, Cinar Corp.

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Giustra leaving Lions Gate

Article Abstract:

Lions Gate Entertainment Corp.'s investor Frank Giustra is divesting his share in the company for US$5.5 million. Giustra, who sold his shares to Platinum Equity LLC's chief executive Tom Gores, is also leaving his post as Lion Gate's chairman and director.

Acquisitions & mergers, Executive changes & profiles, Motion Picture and Video Industries, Motion Picture Production, Motion Picture and Video Distribution, Motion Picture & TV Production, Services for Movie, TV Production, Postproduction and Other Motion Picture and Video Industries, Services allied to motion pictures, Film Repackagers, Officials and employees, Mergers, acquisitions and divestments, Company acquisition/merger, Appointments, resignations and dismissals, Movie production, Motion pictures, Movies, Lions Gate Entertainment Corp., Chairpersons, Giustra, Frank

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Telescene to file for bankruptcy

Article Abstract:

Telescene Film Group Inc. announced that it will file for bankruptcy protection under Canadian law. The company is attempting to prevent a takeover of its operations by senior creditors.

Organizational history, Television Production, Finance, Bankruptcy, Telescene Film Group Inc.

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