BCE faces $6 billion lawsuit over Teleglobe

MONTREAL - BCE Inc. Friday announced that a lawsuit was filed in the Ontario Superior Court of Justice by Kathy Morgan, in her capacity as Plan Administrator of Teleglobe Inc., against BCE and seven former directors of Teleglobe Inc. The plaintiff is seeking a declaration that Teleglobe Inc. and its creditors have been oppressed by the former directors of Teleglobe Inc. and by BCE within the meaning of the Canada Business Corporations Act. The plaintiff is also seeking a declaration that the former directors breached their fiduciary duty to Teleglobe Inc. and failed to act in accordance with the standard...