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Former Bre-X geologist John Felderhof stands outside Osgoode Hall in Toronto. Mr. Felderhof was acquitted of fraud charges after the gold miner’s spectacular collapse in 1997. The last remnants of class-action litigation are dragging through courts.
Former Bre-X geologist John Felderhof stands outside Osgoode Hall in Toronto. Mr. Felderhof was acquitted of fraud charges after the gold miner’s spectacular collapse in 1997. The last remnants of class-action litigation are dragging through courts.
(Peter Power/Peter Power/The Globe and Mail)

Bre-X case just won’t die

It’s the lawsuit that keeps on going.

About 17 years after gold-drilling results from Indonesia were found to be fake, sending high-flying shares in Calgary-based Bre-X Minerals Ltd. into a tailspin and setting off Bay Street’s biggest scandal, the case is still in court – barely.

The gold miner’s spectacular collapse came back in 1997. And the main drama of the controversial insider-trading case launched against Bre-X geologist John Felderhof by the Ontario Securities Commission is long over, after he was acquitted in 2007.