The law offices of Juroviesky and Ricci LLP have filed a class action lawsuit in the Ontario Superior Court of Justice against PricewaterhouseCoopers (PwC) LLP Canada (“Defendant”), a member of the international firm of PricewaterhouseCoopers (PwC) LLP.

The suit claims that PwC was negligent in its role as auditor of the Portus group of hedge funds and the meltdown of the financial gate keeping function of the Fund which imploded after the discovery of criminal activities and fraudulent improprieties perpetrated by the Fund and its principals against the Class. The Fund’s principals have been criminally charged. For further details please see the statement of claim on Juroviesky and Ricci’s website www.jrclassactions.com

The class includes all persons who invested in the Portus Funds, are resident in Canada, and who were referred to Portus, or disbursed funds to anyone to acquire Portus Funds between January 1, 2003 and March 1, 2005 for the purpose of investing in any Portus Fund.

Juroviesky and Ricci LLP are seeking to pursue statutory and common law remedies against the Defendant for negligent misrepresentation, reckless misrepresentation, and negligence.