Business
SHOPPERS DRUG MART CORPORATION RESPONDS TO NOTICE OF LAWSUIT
SHOPPERS DRUG MART CORPORATION RESPONDS TO NOTICE OF LAWSUIT
About this update from Serrano Resources Ltd.
[{"type":"text","content":"\n\n\n\n Nov. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 22 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) has\n obtained a copy of a Notice of Action in a proposed class proceeding\n that has been filed in the Ontario Superior Court of Justice by two of\n its licensed Associate-owners, claiming various declarations and\n damages of $1 billion on behalf of a proposed class comprised of all of\n its licensed Associate-owners.\n\n\nThe claim alleges, among other things, that Shoppers Drug Mart and two\n of its affiliates breached contractual and other duties to its\n Associate-owners by collecting, receiving and/or retaining funds and/or\n benefits that are in excess of those permitted by the applicable\n agreements.\n\n\nShoppers Drug Mart believes that the claim is without merit and will\n vigorously defend the claim.\n\n\nShoppers Drug Mart prides itself on having strong relations with its\n Associate-owners who, since 1962, have helped build a brand that is\n synonymous with exceptional service, value and trust. Together, we will\n continue to focus our efforts on meeting the health, beauty and\n convenience needs of our patients and customers in the communities we\n serve.\n\n\nAbout Shoppers Drug Mart Corporation\n\n\nShoppers Drug Mart Corporation is one of the most recognized and trusted\n names in Canadian retailing.  The Company is the licensor of\n full-service retail drug stores operating under the name Shoppers Drug\n Mart (Pharmaprix in...