Ontario court strikes down class action
Retail clients in Barrie, Ont., who lost big on leveraged investments, are suing their former advisors in a class action
Former Nesbitt advisor wins a round against BMO subsidiaries
Ontario Court of Appeal determines that mutual fund firms must still answer for their actions in court
Failed hedge fund suing over million dollar trading loss
The increase in filings is being driven by so-called ‘Bill 198’ cases, which involve claims concerning issuers’ continuous disclosure obligations
A Canadian class-action lawsuit has been filed on behalf of people who have allegedly been short-changed by Toronto-Dominion Bank coin-counting machines over a three-year period. The suit alleges that the bank had learned of numerous accuracy problems with its coin-counting machines in the United States, but still proceeded with a national rollout of the machines […]
Financial services firms could face massive payouts for claims ranging from employment issues to investment advice
Ontario courts have opened the door to class actions for secondary market liability. Advisors could be at risk
Two of Canada’s best known mutual fund companies are a big step closer to facing a class action from disgruntled investors. In late January, the Ontario Divisional Court ruled that a 2004 Ontario Securities Commission settlement of the plaintiffs’ claims doesn’t bar them from going after the fund companies for more compensation. According to expert […]