Settled Class Actions
Yordanes v. Bank of Nova Scotia
Aug 7, 2020, 17:23 PM
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Yordanes v. Bank of Nova Scotia
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In 2001, the economy in Argentina collapsed, causing Scotia Bank Quilmes (“Quilmes”), a subsidiary of the Bank of Nova Scotia, to file for bankruptcy. Charney Lawyers was retained by a number of Argentine bondholders who had purchased bonds issued by Quilmes. Charney commenced an international securities class action lawsuit against Scotia Bank in Toronto to recover approximately 150 million U.S. owed by Scotia Bank Quilmes to the bondholders. The lawsuit was ultimately resolved in 2006.
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