Fallout from BMO loss worsens

risk-0607-01-gif

A flurry of class action lawsuits has been filed in the wake of the Bank of Montreal's (BMO) shock announcement on April 27 that it had lost between C$350 million and C$450 million ($323 million-415 million) from energy derivatives trading. The suits have all been filed against Optionable, a New York-based commodity derivatives broker, which executed many of BMO's natural gas trades and verified mark-to-market valuations.

A May 17 written statement issued by two law firms, Connecticut-based

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: