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News Release


December 20, 2002

Settlement in West Edmonton Mall lawsuit

Edmonton… West Edmonton Mall has dropped all claims against the Government of Alberta as part of a settlement that was negotiated between the mall's owners and ATB Financial. The government was a defendant in a counterclaim, but made no claims against any party.

"I am pleased that ATB Financial and West Edmonton Mall have resolved all of their outstanding issues," said Finance Minister Pat Nelson.

A 1999 investigation by the Auditor General into the ATB refinancing of West Edmonton Mall found no evidence of wrongdoing on the part of the government.

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