Former Inverlat Shareholders Sue Scotiabank

Business News Americas, 4 September 2006Shareholders of former Mexican bank Inverlat have filed a joint lawsuit in New York against Canada's Scotiabank.According to Mexican press reports, the US$500mn lawsuit is for alleged breach of contract and some 150 former Inverlat shareholders have joined the suit.Scotiabank believes the lawsuit is without merit and is seeking to have it dismissed, the