The National Bank of Canada is suing Joseph Richard Group principals Ryan Moreno and Andre Bourque in separate lawsuits for $16,014,972.60 each.
This includes some interest, which continues to accrue at rates of 1.5 per cent and three per cent, according to the lawsuit.
Each of the two lawsuits, filed June 18 in BC Supreme Court, allege that the defendants “guaranteed payment to the bank of all debts and the performance of all other obligations of JRI (Joseph Richard Investment Ltd.) to the bank.”
JRI is a company related to the more commonly known Joseph Richard Group, which had 19 B.C. restaurants and nearly 700 staff when it filed for
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