Class Action Lawsuit Against Platinum Equities

Links in the News:

Sept 15 2012: Platinum Equities faces ASC hearing -Calgary Herald

Sept 14 2012: Alberta Securities Commission alleges illegal distributions, prohibited representations and unfair practices in sales of securities by Platinum Equities Inc. - ASC site

Sept 14 2012: Calgary firm raised $58-million while misrepresenting facts to investors: regulatorThe Globe and Mail

Sept 14 2012: Alberta regulator accuses real-estate syndicator of illegal distributionsCanadian Business

Sept 14 2012: ASC alleges illegal distributions, prohibited representations and unfair practices in sales of securities by Platinum Equities Inc. – Sacramento Bee

Sept 12 2012Alberta Securities Commission – Notice of Hearing on Platinum EquitiesAlberta Securities Commission

Sept 10 2012:Class-action lawsuit launched against Calgary company - CBC

Sept 10 2012:INVESTORS MEET OVER CLAIMS OF BEING MISLEAD IN $160M DEAL – Sun News

Sept 9 2012:Suit alleges building-management firm took at least $160 million from nearly 2,200 people - The Province

Key Dates:

Sept 12 2012: Alberta Securities Commission alleges illegal distributions, prohibited representations and unfair practices in sales of securities by Platinum Equities Inc.

Sept 6 2012: Class action suit filed against Platinum Equities, involving key figure from Concrete Equities. The players involved include Dave Humeniuk, who has been sanctioned by the Alberta Securities Commission, and carries a life time ban for offences related to the Real Estate Commission of Alberta. Mr. Humeniuk was sanctioned by Alberta Securities Commission (ASC) in January 2012, for not disclosing this ban in Offering Memorandums prepared while he was involved with Concrete Equities,Shariff H. Chandran, who has been convicted for misrepresenting himself as a realtor, and Riaz Mamdani. (SHARIFF H. CHANDRAN, also known as S.H. Chandran, Sri Chandran and Srinivansan Chandran)

Class Action Lawsuit Against Platinum Equities

June 25, 2012, McGuigan Nelson LLP filed an Action in the Court of Queen’s Bench of Alberta to advance a claim on behalf of all investors and/or limited partners and/or shareholders in the projects listed in the link below. If you were an investor in one or more of those projects, the Statement of Claim contemplates your investment loss and will be advanced on your behalf. They have separate sub-classes in the lawsuit for each investment, which is generally listed in the link below. The Statement of Claim names many more parties, to incorporate the various corporations at issue with each investment. This is being advanced upon a class action basis, which further contemplates sub-classes for each limited partnership.

McGuigan Nelson LLP Web Site Links:

09/14 ASC lays charges against Platinum Equities more

09/11 Summary of News Coverage - Platinum more
09/11 Hundreds of Investors Attend Town Hall Meeting more
09/10 Important Information about Platinum Equities Class Action Lawsuit more
09/10 CBC The National reports on Platinum Equities Class Action Lawsuit more
09/06 Platinum Class Action Statement of Claim being Amended more
09/06 Press Release relating to Platinum Equities Class Action Lawsuit more
09/05 Message to Dominion (Qualia V) and Lucaya Investors more
08/31 Platinum Class Action: Lucaya Sale more

Thursday, December 16, 2010

Glenmore Centre LP

23 comments:

  1. Does anyone have information on this project?

    ReplyDelete
    Replies
    1. Yes I do, You may contact me at harinap04@shaw.ca
      I have some detail info. for you .
      Harri

      Delete
  2. I just get a call from ASC for a interview on
    FEB 3 to some issue about Glenmore Centre.

    Steven

    ReplyDelete
    Replies
    1. Steven, You may contact me at harinap04@shaw.ca
      I have some detail info. for you .
      Harri

      Delete
  3. Jan 19 -2:39, how did things go with the ASC?

    ReplyDelete
  4. Quite agree,hopefuly we'll have some news to post by next week on legal representative for ALL of Platinum investors. This will be a call to arms and we will need ALL on board to not only help punish those for wrong doing but also for FULL restitution from ALL guilty parties.
    February 16, 2011 1:09 PM

    ReplyDelete
  5. Dominion Place Investors vs. Defendant Multus Investment Corporation (General Partner/Shariff Chandran) is scheduled for TUESDAY,MARCH 1, 2011 10:00 a.m. at Court of Queen's Bench, Calgary.
    Your attendance would be appreciated.

    ReplyDelete
  6. Doug said...

    did you catch the article in the Calgary Herald business section today? "security regulators cracking down on fraud". Talks about ASC taking fraudsters to criminal court and getting jail time. Talks about Calgarian, Robert John Sellars being found guilty of lying to investors, received a two year sentence and was ordered to pay restitution of almost $2 million.

    a step in the right direction.couldn't come at a better time.

    Doug
    February 23, 2011 10:04 AM

    ReplyDelete
  7. THERE IS NO CASH CALL FOR G&C LIMITED PARTNERS.
    The cash call communication was sent by Platinum to Optima Qualia VIII Limited Partners (744-4th Ave SW).
    There is no need for panic or to cause your co-investors in G&C to panic about this.
    Obviously whoever posted this information about Optima posted under other sections for reasons unknown.

    ReplyDelete
  8. The reason the article was placed in G & C is to make the LPs aware of what is going on with the rest of the projects because more than likely, G & C LPs will only look up their site.

    ReplyDelete
  9. What is the legal address for the Glenmore Centre Plaza investment for limited partners?

    Does any limited partner have a land title deed on this property?

    ReplyDelete
  10. Legal address is:
    Plan 544W
    Block C
    Lot 4
    Address is:
    6624 Centre Street S Calgary
    This information is in the Offering Memorandum.

    ReplyDelete
  11. AnonymousJan 18, 2012 10:42 PM

    To All Limited Partners of Platinum and Accolade Equities Inc., past and present of all projects, please join our litigation group by emailing

    first, your contact information to

    sue_chandrans@yahoo.com.

    We shall advise you of what to do next after receiving your email first.

    ReplyDelete
  12. This article from March 8 2012 about Concrete Equities and it's involvement with Strategic/Mamdani indicates the need and the value of investors combining their efforts.

    http://uk.news.yahoo.com/concrete-equities-fraud-rallies-investors.html

    ReplyDelete
  13. Replies
    1. This message is for anyone, who are involved in investing with Platinum Equities, in Glenmore & Centre, in Calgary, Alta. If you are and your distribution has been delayed or no distribution paid out at all. You are lost and don't know what to do !!! Here is an opportunity to get together into a litigation process. We are a group of few, grouped together, in a litigation process, this to have a minimum cost, great potential to win back, get in touch. Like to hear from you . Then contact me at Hari Thank you.

      Delete
  14. This is for the person who wrote the message about a litigation towards platinum equities. It says your a group of few, i would like to join the efforts.Like to hear from you please respond to this site with contact information.

    ReplyDelete
    Replies
    1. Yes you may contact me at harinap04@shaw.ca.
      Join the group of 15 in litigation process.
      Hari

      Delete
  15. yes where do we apply to help in a class action against Platinum

    ReplyDelete
    Replies
    1. You may contact me at harinap04@shaw.ca
      I have some detail info. for you .For G & C only.Harri

      Delete
  16. A lot of PE investors are passive , they will just take it as a lost, what they dont understand is you have the right to sue Chandran , mamdani etc. you guys are all victims here nothing to be afraid off, you know they did something wrong, DONT BE AFRAID sue them, class action law suit is the way to go, go to RCMP commercial Crime division and Calgary city police and ile a complaint , It is Fraud!!! Get together and work as a team, you are dealing with people with lots of connections and they are using your money againts you. Your hard eanred money. Do it now!!!! Class action is the way to go. publish their names in Newspaper, the other option which is free is go to RCMP commercial crime division and Calgary city police, they are very helpfull. You paid your taxes let them help you.

    ReplyDelete
    Replies
    1. You may contact me at harinap04@shaw.ca
      I have some detail info. for you .
      Harri

      Delete
  17. Can anyone confirm the ownership status of Glenmore & Centre.
    I was told by Strategic that they owned Platinum Equities - also told that G & C was not part of Platinum - letter came from Shariff - I am feeling kind of lost in a maze.

    ReplyDelete

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