CIBC & Global Crossing Related Lawsuits

The Globe and Mail, Sinclair Stewart, 21 June 2006Canadian Imperial Bank of Commerce, which is facing a $2-billion (U.S.) insider trading lawsuit from the trustee for Global Crossing Ltd., has agreed to settle a separate class-action lawsuit filed by the telecommunication company's investors.CIBC confirmed Wednesday that it struck the agreement during the second quarter, but declined to provide