TD, Repap reject ex-chairman's lawsuit

Article Abstract:

Repap Enterprises Inc and Toronto-Dominion Bank are being sued for $25 million by former Repap Chmn Steven Berg. Berg alleges the bank and Repap CEO Stephen Larson conspired to expel him from the company to continue utilizing Repap finances for their own purposes.

PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Paper industry, Berg, Steven

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Ex-Repap chairman sues CEO, TD for $25-million

Article Abstract:

Steven Berg, the former chairman of Repap Enterprises Corporation Inc., has filed a $25 million lawsuit against Repap and Toronto Dominion Bank. Repap, which is a paper maker, has been accused of financial irregularities by Mr. Berg.

Woodpulp & Related Products, Pulp Mills, Wood pulp industry, Pulp industry

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CIBC reveals Enron exposure

Article Abstract:

Canadian Imperial Bank of Commerce could lose $215 million to energy firm. Bank officials announced with the Enron and Dynegy merger called-off, they stand to lose millions should Enron file for bankruptcy as expected.

Strategy & planning, Organizational history, Natural Gas Distribution, Gas transmission and distribution, Gas Transmissn & Distributn, Planning, Finance, Gas industry, Company Profile, Gas transmission industry, Enron Corp., Canadian Imperial Bank of Commerce, ENE, Bankruptcy

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