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Bombardier Trust and Fondation J. Armand Bombardier obtain dismissal of receiver action to recover payments by insolvent investment fund

December 2008

Clients Bombardier Trust (Canada)

In 2007, the receiver for Northshore Asset Management LLC, an insolvent investment fund, brought suit in the Southern District of New York to recover Northshore's payments on investments redeemed by Jones Day's clients Bombardier Trust (Canada) and Fondation J. Armand Bombardier. In 2008, the Receiver's claims were dismissed for lack of personal jurisdiction.

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