OTPP accused of flouting rules - faces legal action

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The Ontario Teachers' Pension Plan (OTPP) faces legal action from spurned bidder Catalyst Asset Management after the takeover of Bell Canada Enterprises (BCE) by the consortium led by the Canadian pension plan was approved.

Brent Fullard, executive managing director, Catalyst Asset Management, said Canadian regulations for pension funds such as OTPP did not allow plan monies to be invested in securities to which 30% o...

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