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CIBC to pay $125 million to settle class-action lawsuit in wake of financial crisis - Business News

CIBC to pay $125 million to settle class-action lawsuit in wake of financial crisis - Business News
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CIBC to pay $125 million to settle class-action lawsuit in wake of financial crisis | iNFOnews

TORONTO - CIBC has agreed to pay $125 million to settle a class-action lawsuit that had accused the bank of misrepresenting its exposure to U.S. residential mortgage-backed securities ahead of the financial crisis.

CIBC to pay settlement of $125M in class-action lawsuit

CIBC has agreed to pay $125 million to settle a class-action lawsuit that had accused the bank of misrepresenting its exposure to U.S. residential mortgage-backed securities ahead of the financial crisis.

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