CANADA: Dylex Creditors Press For Legal Action
Creditors of the bankrupt Canadian giant Dylex Ltd want to take legal action to bring former company directors to book for their alleged role in the firm's collapse. Creditor Bayer Inc, owed US$14,000 by Dylex, indicated its readiness to recover a smaller sum from the retailer if that meant that a full scale investigation would be conducted into allegedly fraudulent aspects of its sale.