FMF Capital Group

London, ON: A class action lawsuit was filed against the US based residential mortgage lender. FMF Capital was taken public in March, 2005 and sold income participating securities. Less than eight months later, common share distributions were suspended. Unitholders filed the class action after their units fell from $10 to 15 cents. FMF Capital has reached a $29 million out of court class action settlement. (Nov-29-06) [NATIONAL POST: FMF SETTLEMENT]