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Legal News

: Lawyers and Settlements

RBC Auction Rate Securities: Canada's Largest Bank Hit with Class Action Lawsuit

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New York, NY: The implosion of the auction rate securities market has caught up with Canada's largest bank, after Royal Bank of Canada (RBC) was hit with a potential class-action lawsuit that has been filed in New York. The allegation is that RBC conveyed to its clients the assurance that auction rate securities were safe, short-term opportunities for investors with a minimum of $25,000 to play with.

Full post as published by Lawyers and Settlements on June 02, 2008 (boomark / email).

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