A group of more than 20 Knowledge House Inc. shareholders from New England are blaming National Bank Financial Ltd. for causing the former e-learning company’s shares to plummet in value in 2001 so they became virtually worthless.

Eric and Mark Romanowsky and Marc St. Onge have launched a claim against National Bank on behalf of themselves and other Knowledge House investors from New England, alleging their losses were caused by National Bank’s "negligence, negligent misrepresentations and various breaches of contract and fiduciary duties," according to documents filed this week with the Nova Scotia Supreme Court.

Although no dollar amount is mentioned in its originating notice, the American investors are claiming general, punitive and special damages, including the worth of the Knowledge House shares if they had been sold before National Bank’s wrongful actions...

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