MONTREAL - Montreal's Superior Court will get to sift through more litigation concerning the Earl Jones case.
On Tuesday Barbara Ellen MacLeod, executor of the estate of the late Julianna Katherine MacLeod, laid a suit against RBC Dominion Securities for $1.5 million at the court.
The suit alleges that from 1992 to 2005 brokers failed to adequately monitor the goings-on involved in the massive swindle perpetuated by the West Island broker.
The brokers named in the lawsuit are Jean-Pierre Menard and Serge Leclaire.
Prior to filing the suit, the victims had laid complaints against at the Investment Industry Regulatory Organization of Canada (IIROC), which oversees investment dealers.
The Royal Bank of Canada has thus far not offered any settlement nor admitted fault in the matter, according to a statement written by the victims' committee.
The suit is separate from the $40 million class-action suit the victims were given court approval to file against RBC in July 2010.
Over the course of three decades Jones defrauded 150 clients of a sum of $50 million.
Jones went into hiding in June 2009 but eventually surrendered to police and confessed to swindling his clients.
In February 2010 Jones was sentenced to 11 years in prison on two counts of fraud.
He will be eligible for parole in December 2011.
