Update on Litigation Between Stifel Nicolaus Canada and Stetson Oil and Gas
ST. LOUIS, MO -- (Marketwire) -- 03/04/13 -- Stifel Nicolaus Canada
Inc., a subsidiary of Stifel Financial Corp. (NYSE: SF), received an
adverse decision from the Court in connection with litigation dating
back to 2008 between Stetson Oil and Gas Ltd. and Stifel Nicolaus
Canada on Friday, March 1, 2013.
Stifel Nicolaus Canada disagrees with the Court's decision and
intends to appeal that decision at the appropriate time. Stifel
Nicolaus Canada believes it has adequate reserves for what it
believes will be the ultimate resolution of this matter.
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a
financial services holding company headquartered in St. Louis,
Missouri that conducts its banking, securities, and financial
services business through several wholly owned subsidiaries. Stifel
clients are served through Stifel, Nicolaus & Company, Incorporated
in the U.S., through Stifel Nicolaus Canada Inc. in Canada, through
Stifel Nicolaus Europe Limited in the United Kingdom and Europe, and
through Keefe, Bruyette & Woods, Inc. in the U.S. and Europe. The
Company's broker-dealer affiliates provide securities brokerage,
investment banking, trading, investment advisory, and related
financial services to individual investors, professional money
managers, businesses, and municipalities. Stifel Bank & Trust offers
a full range of consumer and commercial lending solutions. Stifel
Trust Company, N.A. offers trust and related services. To learn more
about Stifel, please visit the Company's web site at www.stifel.com.
Cautionary Note Regarding Forward-Looking Statements
information contained in this press release contains certain
statements that may be deemed to be "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements in
this release not dealing with historical results are forward-looking
and are based on various assumptions. The forward-looking statements
in this release are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed in or
implied by the statements. Material factors and assumptions could
cause actual results to differ materially from current expectations.
The Company does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made. The Company disclaims any intent
or obligation to update these forward-looking statements.
Press spacebar to pause and continue. Press esc to stop.