U.S. lenders sue Jeff Rath for $112M, allege he concealed First Nation firing
Two American litigation funders allege the Alberta separatist leader misled them into financing First Nations lawsuits even after his firm had been fired.
Two American litigation funders, Diriba Investments and Western Springs Investments, have filed a lawsuit against Jeffrey Rath, Alberta separatist leader, and his firm, RathPC, for allegedly concealing Rath's firing from two First Nations and making false, inaccurate, and misleading representations to retain millions of dollars in financing.
The lawsuit seeks $112.56 million from Rath and RathPC. The allegations are unproven in court, and none of the claims have been verified by a judge. The lawsuit came on the same day a judge dismissed Rath's request to release nearly $800,000 in frozen funds, which he claimed he needed for legal fees and personal expenses, largely related to his horse-racing hobby.
The lenders claim Rath failed to provide requested financial statements and an accounting of proceeds for over two months, and they allege he has not provided a complete, transparent, or reliable disclosure of his assets and financial position.
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