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Cloud Computing for Business Agility
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REAs: Rich Enterprise Applications
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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
True North Vantage Suing JitneyTrade for $53,200,000

TORONTO, ONTARIO -- (Marketwire) -- 01/31/13 -- Daniel Schlaepfer, President of True North Vantage Inc., today announced the commencement of legal proceedings in the Ontario Superior Court of Justice against JitneyTrade Inc. and Oscar Ribeiro.

In addition to seeking an injunction restraining the defendants from using its confidential information, True North Vantage seeks $52,700,000 in damages for conversion and conspiracy to damage its economic and contractual interests, and a further $500,000 in punitive and exemplary damages.

True North Vantage recently acquired the Canadian-based trading business of a former client of JitneyTrade. JitneyTrade, an IIROC member firm registered with the OSC and AMF, and Mr. Ribeiro are alleged to have conspired together to misappropriate True North Vantage's confidential information.

True North Vantage and its parent company, Select Vantage Inc., are funds specializing in intra-day trading strategies.

True North Vantage Inc.
Dan Schlaepfer

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