Investors look to resurrect RBC lawsuit over collapsed funds

Investors who are claiming losses of over $90m are trying to resurrect a lawsuit against the Royal Bank of Canada (RBC), accusing the bank of using a front to secretly manage a fund and hiding financial issues that led to its collapse.

By Stewart Bishop (March 17, 2016, 11:10 PM EDT) -- Institutional investors claiming losses of more than $90 million on Thursday sought to resurrect a lawsuit accusing the Royal Bank of Canada of using a front to secretly manage a fund and hiding financial problems that led to its collapse, telling a New York appeals court the bank owed them a fiduciary duty....

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