Cassidy's Lawyer Drops a Nuclear Bomb on The Bank of Montreal

photo credit: Dimitar Krstevski

Wednesday November 27, 2013:  Earlier this evening Kevin Cassidy's lawyer, Lawrence Gelber filed a motion that clearly explains the events leading up to The Bank of Montreal's (The Bank) 2006-2007 Natural Gas trading losses which The Bank blamed on brokerage firm Optionable and its CEO Kevin Cassidy.  Trust me, with this Motion Gelber clearly and definitively debunks The Bank's narrative and exposes their fraudulent behavior against Optionable, Cassidy and the Federal Court system. 

Document 250: Defendant Kevin P. Cassidy's Memorandum Of Law In Opposition To Plaintiff's Motion To Dismiss Its Complaint Without Prejudice
Document 251: Declaration Of Lawrence R. Gelber In Opposition To Motion To Dismiss Claims Against Defendant Kevin P. Cassidy Without Prejudice (Part 1)
Document 252: Declaration Of Lawrence R. Gelber In Opposition To Motion To Dismiss Claims Against Defendant Kevin P. Cassidy Without Prejudice (Part 2)

Whether Cassidy's motion is successful in getting The Bank's complaint dismissed "With Prejudice", as opposed to The Bank's current offer to dismiss it "Without Prejudice" or not - a nuclear megaton of information that the Bank wanted kept secret is now in the public domain via the exhibits attached to the motion. For example the entire Deloitte report is included.  A few years back, The Bank's fraudulent statements to the Canadian press triggered a Class Action suit to be filed against Optionable. The Class Action lawyers filing the suit fought The Bank for access to the Deloitte report (and lost).  The Class Action lawyers reasonably believed what The Bank had told reporters - that the Deloitte report contained damning accusations against Optionable.   Well, it turns out it's a shame they didn't get access to the Deloitte report, because it doesn't contain any of the accusations that Bank claimed it did!  Gee, I wonder why The Bank fought the Class Action lawyers to keep this report a secret.  Oh, and that quote from Bill Downe that The Bank wanted Optionable to remove from their website....... yeah.... the entire email is included as an exhibit in Cassidy's motion.

The truth about what really happened is now in the public domain.